Factorial Bank To Nearly Double Statutory Fund
27 February 2008
Representatives of Factorial Bank (FKTB) announced plans to increase the bank’s statutory fund by USD 7.9 mln to USD 20.2 mln. The bank plans to facilitate the increase by issuing 40 mln new shares at par. The bank’s shareholders will vote on the additional share increase at their AGM on March 16. Factorial Bank is Ukraine’s 57th largest bank in terms of assets.
