Business news from Ukraine

METABANK TO INCREASE CHARTER CAPITAL BY 50%

27 December , 2016  

KYIV. Dec 27 (Interfax-Ukraine) – MetaBank (Zaporizhia) is increasing charter capital by UAH 60 million, or 49.97%, to UAH 180.063 million by issuing additional shares, the bank said in the information disclosure system of the National Commission on Securities and the Stock Market.

According to the report, the bank’s shareholders at a general meeting on December 26 decided to increase charter capital.

Shares will be placed at par value, which amounts to UAH 34.75 per share, with the market value being UAH 12.43 per share.

MetaBank was founded in 1993.

The main shareholders of the bank on January 1, 2016 were Larysa Nosyk (32.49%) and Meta-Metalurg LLC (24.6%).

The bank ranked 65th among 100 operating banks in the country on October 1, 2016 by total assets (UAH 647.974 million), according to the National Bank of Ukraine.