PrivatBank Increases Its Share Capital up to UAH18.1 Billion
OREANDA-NEWS. The largest Ukrainian bank PJSC CB PrivatBank has accomplished the registration of the updated Articles of the bank. The Articles were amended due to the increase of the share capital of the Bank up to UAH18.101 billion. A number of chapters of the Articles are brought into conformity with changed norms of law as well.
It should be reminded that on April 25, 2014 general meeting of shareholders approved the increase of the share capital by UAH1.748 billion, or 10.69% of the existing share capital. The increase was made by capitalizing the part of net profit for 2013 into share capital. For the last year PrivatBank's net profit was the record one in the history of Ukrainian banking system and comprised UAH1.873 billion.
Number of issued shares of the bank and their distribution among the shareholders remain unchanged. Today the share capital of PJSC CB PrivatBank is the largest one among Ukrainian banks (JSC "Ukreximbank" is on the 2nd place with UAH16.514 billion, JSC "Oschadbank" is on the 3rd place having UAH15.829 billion).
PrivatBank is the largest Ukrainian bank and the leader of retail banking market. As of July 1, 2014 assets of the bank amounted to UAH204.199 billion, regulatory capital totalled UAH20.8 billion, net profit for the first half of 2014 reached UAH387.2 million. The bank's regional network consists of 3,204 offices, over 8,000 ATMs and 11,108 self-service terminals.
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