OREANDA-NEWS. January 18, 2008. The General Meeting of Shareholders of Alfa Bank (Ukraine) amended the bank’s charter by way of redrafting it, the bank press service reports. This move has resulted from an extra issue of the stock (private offering of 374,710,000 ordinary registered shares) as well as changes to the structure of the registered charter capital of the bank.

Alfa Bank (Ukraine) is a division of Alfa Group and is rated on the top of the group of large banking institutions under the NBU classification. The Alfa Bank (Ukraine)  income has been UAH38.58M as for December 1, 2007, which is 216% more than for the same period of the year 2006. The bank’s equity has been increased as much as 3.8 times since the beginning of the current year and is now equal to UAH1,370M.

The company is rated B2 by Moody’s in respect of its foreign currency deposit ratings(positive outlook) and Ba3 in respect of its local currency deposit ratings (stable outlook), while its long-term national scale rating is Aa1.ua.

Alfa Bank (Ukraine) leads the market as arranger of corporate bond offering. In the course of 2002 through 2007, the bank has arranged for successful subscription to corporate bonds issued by a number of companies including Galichfarm pharmaceutical firm; AVK confectionary company; Mandarin Plaza construction company; Molochnik dairy products manufacturer (operating through Agrospetsresursy LLC); Velyka Kyshenia supermarkets chain;Metalen LLC metals manufacturer; Kreativ sunflower oil producer (operating thru Sunoil- Finance LLC); Energoatom, the largest power generation company in Ukraine; Dneproshina, manufacturer of large-size automotive tires; Drogobytskiy Dolotniy Zavod (“Drogobytch Factory of Drilling Bits”) manufacturer of drilling equipment; Universalnaya insurance firm; and Fora retail trade network.

In total, the bank has arranged for subscription of UAH2.406B worth of bond issues.