OREANDA-NEWS. December 02, 2011. The decision to increase the bank’s authorized fund by UAH 1.36 bn was adopted during the General Shareholders’ Meeting that took place. Thus, UkrSibbank’s capital will total UAH 8.872 bn., reported the press-centre of UkrSibbank.
 
The shareholders approved the additional issue of 27.200.000.000 ordinary registered shares totaling UAH 1.360.000.000,00 to be distributed among the current shareholders. Today, the authorized fund of UkrSibbank makes UAH 7.512 bn. 
 
“By increasing our authorized fund, the shareholders demonstrate their confidence in the potential of the Ukrainian economy and UkrSibbank’s capacity to develop its activity in this market,” said Philippe Joannier, Chairman of the Management Board of UkrSibbank BNP Paribas Group.
 
Major shareholders of the bank are BNP Paribas with 84.99% and EBRD with 15%.