OREANDA-NEWS. July 21, 2011. AS “PrivatBank” hereby informs that the major shareholders of the Public Joint-Stock Company Commercial Bank “PrivatBank” (PJSC CB “PrivatBank”), have made a decision to withdraw from participation in the new emission of shares aimed at the increasing of the equity capital of AS “PrivatBank” to 106 470 000 lats as per Regulations for the increase of equity capital of AS “PrivatBank” approved by the General meeting of shareholders of 23 March 2011 (Minutes No. 01/2011). The justification for the mentioned decision has been a possibility of enhancement of requirements for banking supervision in case any physical persons acquire substantial shareholding in the bank equity capital (general European banking supervision practice), reported the press-centre of PrivatBank.

On 15 July 2011 the Board of the Bank passed a resolution (Minutes No. 26/2011) to regard the emission of shares announced 23 March 2011 as null and void.

At present the possibility of increasing the equity capital of AS “PrivatBank” through PJSC CB “PrivatBank” in accordance with the applicable law of Ukraine is being considered.