Privatbank to up share capital UAH 1.1 bln via reinvestment of '08 profits

The shareholders of Privatbank, Ukraine’s #1 largest bank by assets, decided at their AGM on April 21 to increase the bank’s share capital by UAH 1.1 bln to UAH 6.8 bln via reinvestment of 2008 profits and increasing the par value of shares in the company from UAH 134.45 to UAH 161.08. Privatbank’s 2008 net income was UAH 1.3 bln.