Temporary administrator decided to increase the authorized capital of PrivatBank 35.9 billion hryvnia

Временный администратор решил увеличить уставный капитал "ПриватБанка" на 35,9 млрд гривен

Temporary administrator “PrivatBank” has decided to increase the authorized capital of the financial institution on 35,941 billion. This is stated in the announcement of the Bank in the information disclosure system of the National Commission on securities and stock market (NKTSBFR), transfer “Ukrainian news”.

19 Dec temporary administrator of the Fund of guaranteeing the deposits of individuals made the decision to increase the authorised capital of “PrivatBank”.

The increase is by private placement of additional shares of “PrivatBank”.

Currently the authorized capital of the Bank is 21,256 billion.

Related news: the Volume of cash withdrawals from ATMs of “PrivatBank” caught up to the nationalization.

Decided to place 128 359 003 pieces of ordinary registered shares with a nominal value of UAH 280 each.

Thus, the total increase is 35,941 billion.

This prospectus was registered with the securities Commission on 19 December and 20 December was approved the results of placement of shares of “PrivatBank”.

We will remind, on December 18, the government nationalized the PJSC “PrivatBank”. Provides that the state represented by the Ministry of Finance will become the owner of 100% shares of PJSC “PrivatBank” and ensures smooth functioning of the institution and the safeguarding of clients ‘ funds. The decision explained the need, as the Bank was in a difficult position. International financial institutions supported this decision.