PrivatBank Increases Its Capital
OREANDA-NEWS. On April 25th, 2014 at General Meeting Shareholders of PJSC CB “PRIVATBANK” it will be approved an increase of the share capital by capitalizing the net profit of the bank for 2013. This was stated in the Bank's shareholders meeting notification.
It is planned that shareholders will capitalize most of PrivatBank's profit for the last year. The share capital will be increased through rising the face value of shares upon ensuring the present stock distribution among the major shareholders of the bank. Also the bank's shareholders will approve PrivatBank's annual report for 2013 and the main guidelines of the Bank's development for this year.
Following the results of 2013 the net profit of PrivatBank was the record one in the history of Ukrainian banking system and amounted to UAH1.873 billion.