OREANDA-NEWS. On the 23rd of September 2008 at the general meeting of Bank "Finance & Credit" stockholders was resolved regular increase of authorized capital of the Bank in UAH 725 mln. – to UAH 2,725 bln. by means of additional issuance of shares by their closed (private) placement. The Bank plans to issue 1.450.000.000 of common nominal shares at nominal value of UAH 0,5 each totalling to UAH 725.000.000,00.

Shares placement will take place in 2 stages: from the 22nd of October till the 5th of November of 2008 and from the 5th of November till the 10th of November of 2008. Bank shares holders possess equal rights to acquisition shares of additional issue in quantity proportional to their share in Bank authorized capital. The results of private placement will be registered at the general meeting of Bank shares holders.