UkrSibbank To Increase Charter Fund
1 June 2008
Top-ten Ukrainian bank, UkrSibbank, will increase its charter fund by USD30 mn to USD155 mn via issue of additional shares. Ukrainian Metallurgical Company owns a 50.1% stake in UkrSibbank. Concorde Capital: Currently UkrSibbank ranks #3 in terms of charter fund and #5 in terms of capital. The planned emission will increase bank’s capital to ~USD175 mn. With new capital level the bank may come closer to Ukrsotsbank (USD180mn) and outpace the state-owned UkrEximbank (USD160 mn).
