The FINANCIAL — The shareholders of Poltava Bank, ranking among small banks, at their meeting on April 10 decided to increase the statutory fund by UAH 20 million to UAH 90.5 million, reads a statement made by the financial institution.
The statutory fund will be increased via an additional issue of 200 million of ordinary registered shares with a face value of UAH 0.1 per share.
The securities will be placed in private mode in the period from November 23 to December 9, 2009.
The increase of the statutory fund is motivated by the need of raising the capitalization level, replenishing circulating assets to boost the volumes of the credit and investment activity, and also of maintaining financial solvency and liquidity of the financial institution.
As Ukrainian News earlier reported, as of January 1, the bank's net assets were valued at UAH 1,133.3 million, credit portfolio UAH 715.7 million, equity capital UAH 202.7 million, assets of individuals UAH 435.5 million, assets of legal entities UAH 267.3 million.
Poltava Bank finished 2008 with a net profit of UAH 12.493 million.
39.2% of the open joint stock bank's shares belong to financial institution's board chairman Oleksandr Vasyliovych Nekrasov and 39.84% to Kostiantyn Oleksandrovych Nekrasov.
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