OREANDA-NEWS. October 15, 2009. The Extraordinary Shareholders Meeting of Public Stock Company 'Joint-Stock Commercial Industrial & Investment Bank' took place.

The Meeting has approved the results of closed (private) placement of shares and the report about the results of this placement; appropriate amendments connected with the increase of the authorized capital were made to the Bank Statute.

We would like to remind that on September 11 the shareholders took decision to increase the authorized capital of the bank by UDS 500.0 million (UAH 4.0 billion). Therefore the authorized capital will make about UAH 5.3 billion, that is Prominvestbank will be among top five Ukrainian banks in terms of authorized capital and fulfill all standards of National Bank of Ukraine.

The Member of Prominvestbank Supervisory Board Volodymyr Minin said that this significant issue of shares was aimed at further development and stability of the bank; it is important for the bank in the current Ukrainian crisis environment to do its business and to have potential for development in the nearest years.

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 01.10.2009 the capital of Prominvestbank made UAH 2.3 billion, assets - UAH 30.8 billion, credit portfolio - UAH 23.7 billion , customers deposits - UAH 13.7 billion.