PJSC "Ukrsotsbank" extraordinary shareholders’ meeting approved changes to the bank's charter on increasing the authorized capital
On 24 July, 2015 PJSC "Ukrsotsbank" extraordinary general shareholders’ meeting approved changes to the bank's charter on increasing the authorized capital in 3.1 times - from UAH 2.468 billion to UAH 7.739 billion.
Now, in accordance with the charter, "the bank's shares are issued for an amount equal to the amount of charter capital – UAH 7,739,534 204.50, which is divided into 77,390,328,095 ordinary registered shares (99.9935% of the capital) and 5,013,950 preferred registered shares (0.0065%)."
To recall, on 26 June, 2015 previous extraordinary general meeting of shareholders decided to increase the authorized capital of the bank. On the same day National Commission on Securities and Stock Market registered Ukrsotsbank’s issue prospectus of shares.
In total UniCredit group recapitalized the bank by USD 500 mln.
NOTE
Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.
The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.
The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.
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