PSC CB "PRIVATBANK" to increase its registered capital to 1.352 billion USD.

The largest Ukrainian bank PUBLIC JOINT STOCK COMMERCIAL BANK "PRIVATBANK" increase its share capital by 10% from the current - 1 billion 352 million hryvnia. Increase in share capital will be conducted by the direction of the authorized capital of the bank's profit on the results of the Bank's financial and economic activity in 2011. This decision was taken April 12, 2012 at the General Meeting of Shareholders of PJSC CB "PRIVATBANK."

As the bank's press service, during consideration on the distribution of the largest in the Ukrainian banking system profit (financial result PJSC CB "PRIVATBANK" for 2011 amounted to 1.426 bln.), The bank's shareholders decided not to carry out the calculation and payment of dividends and to direct resources to increase the share capital and reserve replenishment of bank capital.

The authorized capital will be increased to 1,352,383,860, 00 UAH. up to 14,897,555,475, 00 UAH., by increasing the nominal value of shares at 20, 92 UAH. up to 230.45 USD. for aktsiyu.Kolichestvo issued shares and their distribution among the shareholders remains unchanged. Also, the bank's shareholders during the meeting approved the report of the Board, the Supervisory Board and the Audit Commission on the outcome of the Bank in 2011, the annual report and balance sheet of the bank in 2011, the report and findings of the auditor on the annual financial statements.

According to the guidelines of the bank's activities in 2012, its main priorities will increase its customer base, improving risk management systems and improve customer satisfaction, quality of banking services by increasing the staffing requirements of the bank and the quality of customer service.

Recall, at the end of the 2011 net assets of PSC CB "PRIVATBANK" rose by 31.68 billion USD. up to 145.118 bln. Equity Bank on January 1, 2012 amounted to 16.747 bln. (+ 4.87 bln.), The authorized capital - 13.545 bln. (4.7 bln.). Net profit up to 2011 amounted to 1.426 bln.

International banking group "PRIVATBANK" serves over 22 million corporate and retail customers in 12 countries, among them - Russia, Georgia, Latvia, Italy, Portugal, China, Britain, Cyprus, Germany, Spain, Kazakhstan. PSC CB "PRIVATBANK" recognized as "Best Bank in 2012» («Best Emerging Market Banks» Global Finance magazine), «Bank of the Year 2011" in Ukraine (The Banker Awards). In the 1000 ranking of the leading banks in the world PSC CB "PRIVATBANK" occupies 369 line, strengthened its position with 416 seats in 2010.