OREANDA-NEWS. On 02 June 2009 was announced, that General Meeting of shareholders of Joint Stock Commercial Industrial & Investment Bank (Prominvestbank) took place.

The meeting was held according to the statute of the Bank, 95.72% of shareholders of the Bank participated in the meeting and all made decisions were legitimate.

General Meeting approved Bank Board Report about Prominvestbank's Results in 2008 and reports of audit commission and external auditor.

Decision about reorganization of Prominvestbank into Public Company was taken at the meeting. The reorganization should be finished until September 2009. Appropriate changes to Statute, Regulation on shares and on Supervisory Board of the Bank were approved.

Last year Prominvestbank actively increased volume of financial operations. Equity of the Bank increased from UAH 2.7 billion to UAH 3.3 billion, total assets amounted to UAH 27.5 billion. The total volume of loans granted made UAH 23 billion, among them: UAH 10.8 billion - for metallurgy, machine-building metal processing industries; about UAH 6 billion - for fuel-energy complex; UAH 1.3 billion - for agriculture.

The total number of payment cards issued by the Bank increased to 4.5 million, number of ATMs made 1.8 thousand.

Last year Prominvestbank paid UAH 523.7 million of taxes.

All profit for 2008 in amount of UAH 99.3 million was transferred to reserves of the Bank.

In autumn 2008 Prominvestbank suffered from significant decrease of liquidity due to unexpected withdraws of customers' funds. On October 7, 2008 National Bank of Ukraine appointed Temporary Administration with Prominvestbank in order to regulate its business activity. The main task of Temporary Administration was preservation of assets and regulation of the Bank's activity according to requirements of legislation in force.

The business activity of the Bank was stabilised. According to Financial Recovery Plan of the Bank new investors increased share capital of the Bank, provided long-term resources in amount more than UAH 7.0 billion and attracted customers with considerable financial cash flows for serve with the Bank.

On December 30, 2008 shareholders of the Bank - State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)' (Russian Federation) and SLAV AG (Austria) transferred UAH 1.1 billion for increase of share capital of Prominvestbank.

General Meeting of Prominvestbank approved new members of Supervisory Board:

Mr.Dmitriev Vladimir Alexandrovich - Head of Supervisory Board, Chairman of State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)' (Russian Federation)

Mr.Boguslaev Vyacheslav Alexandrovich - General Director of OJSC 'MotorSich'

Mr.Dmitriev Kiril Alexandrovich - Managing Partner of ICON Private Equity

Mr.Glaziev Serhey Yuriyevich - Director of the Institute of New Economics of State University of Management (Russian Federation)

Mr.Goncharenko Mikhail Borisovich - General Director of CJSC "Ukrpidshipnyk"

Mr.Marchuk Evgen Kirilovich - Head of Security Problems Institute, adviser of President of Ukraine

Mr.Minin Vladimir Vladimirovich - Director of Risk Management Department of Vnesheconombank

Mr.Salepin Andrey Yurievich - Director of Industry Department of Vnesheconombank

Mr.Zelenov Aleksandr Viktorovich - Director of Financial Institution Department of Vnesheconombank

Reference: Joint-Stock Commercial Industrial & Investment bank (Prominvestbank) was formed in 1992 and is among the group of the largest Ukrainian banks. As of today the largest shareholders of the bank are State Corporation 'Bank for Development and Foreign Economic Affairs (Vnesheconombank)' (Russian Federation) - 75% of shares and LLC "SIGNUS" (subsidiary of SLAV AG) -12.37 % of shares.

As of 01.04.2009 the capital of Prominvestbank made UAH 4.1 billion, assets - UAH 32.7 billion, credit portfolio - UAH 23.5 billion.