OREANDA-NEWS. February 5, 2009. At the Extraordinary General Meeting of Shareholders of RODOVID BANK held on 30 January 2009 in Kyiv the Bank’s shareholders passed a decision to increase the authorized capital of the bank by UAH 700 million via closed (private) placement of 700 000 shares among the Bank’s shareholders. This decision will have a considerable positive impact on the subsequent activity and development of OJSC “RODOVID BANK and improve the Bank’s liquidity.

Dmytro Egorenko, acting Chairman of the Board of RODOVID BANK: “The decision on increasing the share capital means that the Bank is getting UAH 700 million for its development, for crediting private clients and legal entities. Also it means that RODOVID BANK remains among the 20 largest banks of Ukraine and aims at getting to Top-10 of Ukrainian banks in 3-4 years”.

Mr. Egorenko believes the Bank has taken a strategically right decision as to partnership with “ISTIL” international group of companies whose aim is to develop RODOVID BANK as a successful financial project.

“Amidst all the problems with liquidity that banks all around the world have been facing recently, partnership of RODOVID BANK and “ISTIL” group is definitely a right decision undertaken by our companies. Both “ISTIL” and the Bank’s team aim at getting a maximum capitalization for RODOVID BANK. We aspire to fulfill all our obligations, satisfy our clients’ demands and attract new partners to our bank”.