15.10.2015

UkrSibbank increases capital

UkrSibbank BNP Paribas Group is increasing its capital by USD 130 m. The corresponding decision will be officially signed at the General Meeting of shareholders on November 16, 2015.

UkrSibbank BNP Paribas Group is increasing its capital by USD 130 m. The corresponding decision will be officially signed at the General Meeting of shareholders on November 16, 2015.

The shares to be issued shall be distributed between the bank’s current shareholders: BNP Paribas Group, the best-rated international bank among all represented in Ukraine as rated by major rating agencies, and EBRD, the biggest foreign investor in the Ukrainian economy.

“This capital increase is but one of the steps in a long-term development strategy of the bank meant to strengthen positions of the bank in the face of the current economic situation in Ukraine,” said Jean-Paul Sabet, Chairman of the Supervisory Council at UkrSibbank BNP Paribas Group.

“EBRD remains firmly committed to supporting Ukraine through sound and transparent banks that are able to provide financing to business and thereby spur up the development of the Ukrainian economy. We have a long history of fruitful partnership with BNP Paribas, and I’m sure that our joint efforts will definitely make UkrSibbank even better positioned for developing in the challenging economic environment,” said Nicholas Tesseyman from EBRD.