Platinum Bank Increases Authorized Capital Stock
The shareholder of Platinum Bank has decided to increase authorized capital stock by the amount of 360 MIO UAH via private placement of the additional ordinary registered shares of the current notional value. Thus, after the increase, the bank’s authorized capital stock will amount to 859.78 MIO UAH.
“Platinum Bank increases its authorized capital stock in accordance with the approved development strategy. The funds will be allocated to the expansion of the main business directions, in particular – increased loan provision. We aim at strengthening the market position of Platinum Bank, as well as at searching for new niches, which will successfully complement the existing business-model,” - notes Chairman of the Supervisory Board of Platinum Bank, Gregory Gurtovoy.
In June 2015, according to the Capitalization Programme, approved by the National Bank of Ukraine, Platinum Bank has already been re-capitalized in the amount of 150 MIO UAH.