KYIV. April 22 (Interfax-Ukraine) – The subsidiary bank of Sberbank of Russia, PJSC Sberbank (Kyiv), will increase charter capital by UAH 4.293 billion, or by 52.5%, to UAH 12.465 billion, the subsidiary bank has told Interfax-Ukraine.
“The supervisory council of Sberbank decided to increase the charter capital of the Ukrainian subsidiary by UAH 4.3 billion, to UAH 12.5 billion. The capital of PJSC Sberbank is increased in accordance with the recapitalization plan approved by the National Bank of Ukraine,” the financial institution said.
According to the report, the bank’s capitalization will be carried out by the conversion of the previously obtained interbank loans into capital. The bank will use the funds received for formation of additional reserves for loans.
PJSC Sberbank (formerly PJSC Subsidiary Bank Sberbank of Russia) was founded in 2001. Its owner is PJSC Sberbank (Russia).
The bank ranked fifth among 123 operating banks in the country on October 1, 2015 by total assets (UAH 53.75 billion), according to the National Bank of Ukraine.
