Ukrsibbank to conduct 32% charter fund increase

Ukrsibbank shareholders decided to increase the bank’s charter fund by 31.8% to UAH 5.3 bln (USD 686 mln) via an additional share issue, at their AGM yesterday. Subscription will be closed and run from April 9 to April 27, 2009. It was Ukraine’s #3 largest lender by assets according to National Bank of Ukraine statistics from Oct. 1, 2008. In other news, the bank’s 2008 net income was disclosed yesterday on the State Securities & Exchange Commission website; Ukrsibbank’s net income more than two-folded last year to UAH 427.6 mln.