MEGABANK Set Profitability on Its Bonds at Level of 18%
OREANDA-NEWS. January 20, 2010. MEGABANK, PJSC informs that by the decision of the Supervisory Board (Minutes №19) the following interest rate has been approved for bonds serial F (registration certificate №901/2/07 dated 23.11.2007): for ninth-twelfth interest periods18,0% p.a., reported the press-centre of MEGABANK.
Issuer, issue number: MEGABANK, 1-F
Type of debt obligation: Bonds
Status of issue: In circulation
Type of placement: Public
Par value, currency: 1000, UAH
Volume of issue: 100 000 000
Registration date: 23.11.2007
State registration number: 901/2/07
code ISIN: UA4000026280
Date of beginning of placement: 04.02.2008
Date of end of placement: 05.05.2008
Coupon rate: 18%
Frequency of payment of coupon: 4 times per year
Date of beginning of charging the coupon: 04.02.2008
Maturity date: 04.02.2011
Trading site: PFTS, Ukrainian exchange
Issuer's profile: MEGABANK, PJSC is one of the first commercial banks in Kharkov and Ukraine. The bank was founded in 1989, as limited liability company, and registered by the State bank of USSR August 26, 1990 under the name Kharkov commercial bank "Dobrodiy". October 28, 1991 after the declaration of independence of Ukraine, Kharkov commercial bank "Dobrodiy" was registered by the National bank of Ukraine. Due to reorganization into the open joint stock company, July 11, 1995 the bank's name was changed into Kharkov joint stock commercial bank "Dobrodiy". After the change of shareholders and bank's management, October 27, 1995, the bank's name became Joint stock bank "Megabank". Beginning from November 6, 1996 the full name of the bank was Eastern - Ukrainian energy bank "Megabank".
December 28, 2001 due to changes in the property form the bank was renamed into Open joint stock company "Megabank". Today it's one of the most dynamic financial institutions. The bank's head office is situated in Kharkov, and more than 130 its affiliates and branches work in Vinnitsa, Zhytomir, Kiev, Kirovograd, Lvov, Nikolaev, Poltava, Kherson, Cherkassy, Chernigov and more than 20 towns and villages of Ukraine.
OJSC "Megabank" is the first Ukrainian bank to take part in pilot project of implementation the National system of mass electronic payment (NSMEP). One of the achievements of the bank has become the developed system of Integral Clearing Center for payment of utilities and energy carriers. During the time of lifetime of ICC the bank's experts have acquired the unique experience of its organization and work.
The bank's main goal is to provide to clients the broadest range of quality banking services.
The charter fund of Megabank is UAH 115 million. Net worth of Megabank for July 1, 2006 were UAH 912,2 million, loan portfolio - UAH 684,9 million, owned capital - UAH 140,4 million. During January-June 2006 the bank received a profit of UAH 3,213 million. As of April 20, 2006 11,64% of Megabank's shares belonged to "Avtramat (Kharkov), 9,98% - "Turboatom" (Kharkov), 9,98% - "Kharkovgas", 7,33% - "Dasko", 9,98% - "Mega-Garant-Life".
Issues in circulation: 2 issues UAH 200 000 000.
Issuer's ratings: Credit Rating uaA-/stable National scale (Ukraine).
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