OREANDA-NEWS. September 27, 2011. Public joint-stock company “Piraeus Bank ICB” announces that on September, 13 2011 The Securities and Stock Market State Commission has registered the Bank’s share capital increase by UAH 785 mio. Therefore the registered share capital of JSC “Piraeus Bank ICB” grew up to UAH 1.628 bln.

“Increase of the share capital of Piraeus Bank in Ukraine was effected with the aim of bank’s liquidity increase, growth of financial stability,creation of provisions for non-performing loans and for the further development of the banking institution, - Yannis Kyriakopoulos, head of the Supervisory Board of Piraeus Bank ICB, said . – Increase of the registered share capital of the Bank almost in twice proves the commitment of Piraeus Bank Group to the Ukrainian market and consistency of the long-term plans for the further development of Piraeus Bank in Ukraine”.

Due to the share capital increase JSC “Piraeus Bank ICB” has one of the highest reliability level among the banking institutions operating in Ukraine. In particular, Bank has the capital adequacy ratio amounting to 24,13%, that is 2,5 times more than the relevant NBU standard, the instant liquidity ratio amounting to 115,7% (that is 6 times higher than the NBU standard), and the current liquidity ratio amounting to 140,5% (3,5 times higher than the NBU standard) as of 22.09.2011.