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Alfa-Bank (Ukraine) Increases the Authorised Capital by UAH 5 billion as Part of Additional Capitalization Programme

September 13, 2016. TAG: Financial Services

On September 13, 2016, ABH Ukraine Limited, the sole shareholder of Alfa-Bank (Ukraine), decided to increase the Bank’s authorised capital by UAH 4,999,660 thousand for the purpose of full and early fulfilment of additional capitalization programme.

The capital will be increased through a private placement of 1,180,000 ordinary registered shares with a nominal value of UAH 4,237. It is expected that as a result of share placement the Bank’s capital will increase by USD 180 million. No change of ownership of a major bank shareholding will occur as a result of such authorised capital increase. The shares will be placed among the Bank’s sole shareholder – ABHU Company that owns 100% of the authorised capital of the Bank.

As of September 12, 2016, the authorised capital amounted to UAH 7,515 million.

“The increase of the authorised capital by USD 180 million is yet another recognition of tenable position of Alfa-Bank Ukraine as part of an international banking group. Such considerable support of shareholders reflects our strategic vision for the Bank’s development as one of the leaders of the financial industry of the country,” highlighted Rushan Hvesyuk, the Chief Executive Officer of Alfa-Bank (Ukraine). “By completing the scheduled additional capitalization programme in compliance with the requirements of the NBU, we await the forthcoming regulator’s finalisation to close the deal with our partners, UniCredit group, being fully prepared for the development of a strong player following integration of two banks.”

Alfa-Bank (Ukraine)

ABH Holdings S.A. (ABHH) is a privately owned Luxembourg-based investment holding company investing into several banking groups in the CIS and Europe. ABHH includes Alfa-Bank (Russia), Alfa-Bank (Ukraine), PJSC “Ukrsotsbank” (Ukraine), Alfa-Bank (Belarus), Alfa-Bank (Kazakhstan) and Amsterdam Trade Bank N.V.

Alfa-Bank (Ukraine), registered in Ukraine in January 2001, ranks among the largest banks in Ukraine. Alfa-Bank (Ukraine) operates in all key sectors of the banking sphere.