OREANDA-NEWS  On 12 December was announced, that Kredobank (PFTS: ZUKB) is going to boost its registered capital by 35% (UAH 290 mn) – to UAH 1,107 mn. The increase is suggested to be carried out by open placement of new shares issued by the bank.

It is expected the shares will be placed by two stages. The first stage – from March 2 to March 15, 2009. The second one – from March 16 to March 19, 2009.

The proceeds from the issue are planned to be used to increase the capital of the bank in order to broaden the range of banking services provided.