OREANDA-NEWS. May 14, 2010. The General Shareholders' Meeting of VAB Bank took place on 28 April 2010. The shareholders considered the development strategy of the financial institution and resolved to increase authorized capital of the Bank by UAH 385 million. Following the new issue of shares, authorized capital of the Bank shall total UAH 927,638,218.35, reported the press-centre of VAB Bank.

The shareholders' meeting also approved the composition of the Supervisory Board of VAB Bank: Nissim Zarfati, Ivo Gueorguiev, Izchak Kanes and Sergey Maksimov.

Pursuant to the requirements of the Law of Ukraine On Joint-Stock Companies, the shareholders also made a decision to change the legal form of the bank from open into public joint-stock company with the full name of Public Joint-Stock Company Vseukraіnsky Aksіonerny Bank.