Ukrsotsbank Approves Threefold Share Capital Increase
5 July 2008
At their AGM yesterday, shareholders in Ukrsotsbank (USCB: HOLD) approved the results of the bank’s recent 2.8 times share capital increase to USD 202 mln. The bank issued 6.5 mln shares at par value of USD 0.02. In 1H07, Ukrsotsbank continued robust asset growth, increasing assets 38.6% to USD 4.8 bln. The bank’s gross customer loan portfolio rose 43% YTD to USD 3.6 bln. Loans to individuals exceeded loans to corporations: USD 2.0 bln to USD 1.6 bln, respectively.
