OREANDA-NEWS. January 27, 2009. Management Board of OJSC “RODOVID BANK” informs that the forthcoming extraordinary General Meeting of the Bank’s Shareholders scheduled for 30 January 2009 is going to approve the issues which will have a considerable positive impact on the subsequent activity and development of OJSC “RODOVID BANK”. In the due course of the General Meeting of the Bank’s Shareholders the following resolutions are expected to be approved as well:

Bank’s share capital increase, not less than UAH 700 mln.

Changes in the structure of the Supervisory Board and Revision Commission which will reflect the changes in ownership structure of the Bank within the project of strategic partnership of OJSC “RODOVID BANK” and “ISTIL” international group of companies.

The Bank’s shareholders intend to pursue sustaining the liquidity and financial stability of the Bank which is confirmed by the decision to attract subordinated debt in the 1st half-year of 2009 amounting UAH 100 mln. It is also expected that OJSC “RODOVID BANK” will be provided with a relevant financial support by its new strategic partner represented by “ISTIL” group of companies in the 1st quarter 2009.

The management of the Bank believes that previously mentioned events and changes will have a considerable positive impact towards financial institution’s liquidity and improvement of the Bank’s international ratings during the current year.

OJSC “RODOVID BANK” intends to further cooperate with international rating agencies Fitch Ratings and Moody’s Investors Service and after the General Meeting of the Bank’s Shareholders to be predisposed to provide detailed information about resolutions made and their future realization.