PKO plans UAH 1 bln capital injection for Kredobank

Kredobank (ZUKB) is set to receive a UAH 1 bln share capital increase from majority shareholder PKO of Poland to boost its charter fund to UAH 1.55 bln via an additional share issue. The director of Kredobank’s Kyiv branch, Vladimir Stavnik, said that the bank has not received support from the National Bank of Ukraine, and will draw on the support of its parent. Subscription to the additional share issue is planned to take place from April 2 to 21 of this year. According to Ivan Feskov, chair of Kredobank’s administration, this will be the largest investment in the bank’s 18-year history.