OREANDA-NEWS. September 07, 2009. At the General meeting of the Bank "Finance & Credit" stockholders was resolved regular increase of authorized capital of the Bank in UAH 400 mln. – to UAH 2,400 bln. by means of additional issuance of shares of existing nominal value at the expense of additional dues by their closed (private) placement.

The Bank plans to issue 800.000.000 of common nominal shares at nominal value of UAH 0,5 each totalling to UAH 400.000.000,00.

Shares placement is planned to realize in 2 stages: from the 12th of October till the 21st of October of 2009 and from the 22nd of October till the 11th of December of 2009. Bank shares holders possess preferable rights to acquisition shares of additional issue in quantity proportional to their share in Bank authorized capital.

In addition the decision of re-naming of the Bank to Public Joint Stock Company was reached.