OREANDA-NEWS. UniCredit Bank is increasing its capital by USD 250 mln. This was stated by the bank’s CEO Graziano Cameli.

“The USD 250 mln capital increase to be finalized in June after the General Shareholders Meeting comes on top of a separate capital reinforcement measures for the equivalent of USD 250 mln, which was already executed in March to strengthen the bank?s capital base.These amounts not only reflect the NBU requirements shown by the IMF stress-test but also give the bank an additional safety cushion to face the future. This amount of money is aimed to close the page of all the troubles arisen in Ukraine, in particular in Eastern Ukraine and Crimea.” – said Mr. Cameli.

He also underlined that such action of the international group is an extremely good sign for Ukraine and its financial system and testifies the Ukrainian authorities’ efforts in stabilizing situation in Ukraine.

“Nevertheless, it’s clear that Ukraine is at the beginning of a long path and there are a lot of problems still to be solved. The crucial issue for every investor is creditors’ rights protection. UniCredit Bank’s capital increase gives sign to the whole system and Ukraine that UniCredit is doing its part. We are confident that the governement and the public authorities will on their side pursue and implement the necessary reforms.” – resumed Graziano Cameli.

As of 1 April UniCredit Bank’s capital amounted to UAH 9.4 bn (2.7 times growth since the beginning of the year), capital adequacy ratio – 17.40%.