OREANDA-NEWS. January 26, 2010. The State-owned Ukrgasbank increased its charter fund by 50% to UAH 5.7bn. For this purpose, UGZB issued 1.9bn of shares at par of UAH 1, which were purchased by the Government of Ukraine. As a result, the Government’s stake in the UGZB capital has increased from 81.58% to 87.72%.

Millennium Capital: this capital stake increase is in line with the Governmental program of recapitalization of the State owned banks. In particular, the Government buys back the banks’ local bonds purchased in late 2009 (to the tune of around UAH 5bn). The bonds’ purchase will increase the local bonds portfolio of NBU to UAH 59bn.