Finance and Credit Bank increases its authorised capital by 5%

Kiev. June 24. INTERFAX-UKRAINE – Finance and Credit Bank increases its authorised capital by 5%, which equals to UAH 100 million, to UAH 2.1 billion by additional issue of shares.

As stated in the official report of the bank to the press, this issue will be considered by the shareholders at the general meeting scheduled for July 26.

The Bank intends to make a close placement of shares at face value of 0.5 UAH in the period from 1 to 20 September 2011. Finance and Credit Bank was established in 1990. By the start of April, 2011, the largest shareholders of the Bank remained JSC F&C Realty (47.06%) and Askania LLC (48.88%).

According to the NBU data, Finance and Credit Bank took the 11th place (UAH 23.176 billion) among 176 banks operating in the country by the total assets as of 1 April 2011.