OREANDA-NEWS. On 13 August 2009 was announced, that The Cabinet of Ministers decided on Wednesday to increase Ukreximbank's charter fund by UAH 650 mln to UAH 10.0 bln, Acting Finance Minister Ihor Umanskiy said yesterday, according to Interfax.

Concorde Capital: Continued government support for the bank is definitely positive news. The question, though, is how these new resources are going to be spent: financing to questionable projects/companies (such as lending to Naftogaz) could have a negative impact on the bank’s financial stance in the future. Ukreximbank’s total exposure to Naftogaz equals some UAH 1.8 bln.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.