UniCredit Bank’s capital increase approved by shareholders

The capital will be increased according to a simplified procedure, outlined in the Law of Ukraine "On measures aiming at capitalization and restructuring of banks" No.78-VIII dated as of 28.12.2014, via private placement of additional common shares requiring additional shareholders’ contributions. According to the current legislation, the shares will be placed in two tranches – on April 1 and 4.

"This authorized capital increase is a starting point on the way to implementing our capitalization plan approved by the NBU; it confirms our reliability and commitment to cooperate with the regulator in stabilizing the banking system of Ukraine. Additional capital will allow UniCredit Bank to meet all the requirements of the NBU and to create a sufficient "safety cushion" for stable bank’s operation in case of possible market challenges," – said CEO of UniCredit Bank Tamara Savoshchenko.

UniCredit Bank is one of the largest universal banks in Ukraine, offering a full range of top quality financial services for individuals and corporate clients.

The renovated UniCredit Bank was created in December 2013 through integration of two Ukrainian assets of UniCredit Group, which had been operating in the local market since 1997. The integrated bank combined power, solidity and wide coverage of PJSC "Ukrsotsbank" with the European expertise, quality of service and flexibility of PJSC "UniCredit Bank".

The extensive retail network of UniCredit Bank consists of 243 branches nationwide, its headcount reaching over 5,500 employees, all of them top qualified specialists.

UniCredit is a leading European commercial bank with an international network spanning over 50 markets and 17 countries, with more than 8,400 branches and over 146,000 employees.