Platinum Bank Plans to Increase the Equity Capital
By 01.07.2015 Platinum Bank plans to increase the equity capital by 469.5 MIO UAH. Additional capitalization will take place via the shareholders’ investment of 150 MIO UAH into the equity capital of the bank and via the re-classification of subordinated debt into the share capital by 319.5 MIO UAH. Also, before 01.01.2016, the 4th stage of the capital increase by 330 MIO UAH will take place via the receipt of funds under the conditions of the subordinated debt.
Ekaterina Rozhkova, Acting Chairman of the Board: “Platinum Bank operates in the legal environment of Ukraine, on the basis of the IMF recommendations and the NBU’s Decree No. 129. The bank has its approved capitalization plans and has submitted to the NBU the programme of financial rehabilitation, which covers all necessary aspects of functioning and financial state of the bank. The increase of equity capital is a proof of reliable and stable work of the bank, as well as of its serious approach to the fulfilment of its obligations towards clients. The planned stage-by-stage increase of the capital will allow Platinum Bank to continue working according to the approved development strategy and to be confident in the stability of its position in the market.”
Financial resources, obtained by the bank, will increase the equity capital of Platinum Bank in accordance with the regulatory documents of the NBU and will be used for ensuring the stability of bank’s operation. In 2014 the equity capital of the bank was increased by 119 MIO UAH, and also in December 2014 the bank received additional capitalization in the amount of 150 MIO UAH. At this moment the additional capitalization is taking place according to the capitalization plan, approved by and agreed upon with the NBU. The registered capital ustavnыy bank on 1 April 2015 Manuscript sostavlyal 380 567 000 USD.