Alfa Bank (Ukraine) to raise statutory capital by UAH 0.9bn (USD 0.1bn).

By bne IntelliNews February 25, 2011
The Alfa Bank (Ukraine) has decided to raise statutory capital by UAH 0.9bn (USD 0.1bn) to UAH 4.639bn. The relevant decision was approved by the shareholders on Feb 21. enThe bank decided to issue 217,872 shares with a face value of UAH 4,237 per share. Closed placement of shares is planned from June 3-21, 2011. As of Jan 1, 2011, the assets of the bank amounted to UAH 26,594.8mn, credits and clients' liabilities at UAH 22,907.6mn, and shareholders' equity at UAH 3,121.2mn. Totally, in 2010, the bank received a profit of UAH 1.012mn. The bank ended 2009 at a loss of UAH 348.405mn. ABH Ukraine Limited (Cyprus), which is part of the Alfa Group consortium, owns 80.1% of the shares in Alfa Bank (Ukraine) public joint-stock bank, while Russian Alfa Bank holds 19.9%.

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