Ukrsibbank in line for 32% capital injection

Ukrsibbank shareholders, at their AGM on April 29, decided to go ahead with a 32% charter fund increase to UAH 5.28 bln via an additional share issue. The bank also said its shareholders voted to direct all of the bank’s 2008 profits, UAH 247.6 mln, into the reserve fund. Ukrsibbank was the country’s #4 largest lender by assets, according to National Bank of Ukraine statistics as of Jan. 1, 2009.