OREANDA-NEWS. April 14, 2008. As was informed by the Bank’s press service with reference to USB Chairman, Borys Tymonkin.

According to the Chairman of USB, Borys Tymonkin, subordinated debt (bank has already attracted it) and an increase of the authorized capital will become the principal sources of capital increase in 2008.

In the coming years Ukrsotsbank, as well as before, is planning to implement a policy of profits capitalization and use subordinate debt as a tool. Plus there will be the direct injections of capital by UniCredit Group.

Borys Tymonkin: "We also plan to increase Ukrsotsbank authorized capital:

in 2008 - to USD 150 million,

in 2009 - to USD 200 million,

in 2010 – USD 100 million.

Thus, our capital will reach UAH 6.5 billion by the end of 2010."