VOLKSBANK PJSC to increase paid-in capital up to UAH 420 mln

April 29, 2011

According to the decision of the VOLKSBANK PJSC Ordinary  General Shareholders’ Assembly  dd. April 20, 2011, Bank’s paid-in capital will be increase  for 16.66% or UAH 60 mln.  up to UAH 420 mln.

VOLKSBANK plans to do closed (private) allocation of additional 120 million shares with nominal value of 50 kopecks at the expense of additional contributions of shareholders. Allocation among other investors except shareholders is not anticipated.

As of April 20, 2011 share of main shareholder - Volksbank Іnternational AG (Austria) in statutory capital of VOLKSBANK PJSC amounts to 99.9127%.

Additional support from strategic shareholder will facilitate financial stability of VOLKSBANK PJSC, and in consequence clients’ and depositors’ funds protection.

Additional resources of the Bank’s statutory capital will be directed to real sector of economy for lending to national producer, first of all to small and medium business.

As of January 1, 2011 VOLKSBANK assets amounted to UAH 2, 771 mln., regulatory capital to UAH 368 mln., loan portfolio UAH 2,005 mln., deposit portfolio UAH 433 mln.

All the requirements concerning  building obligatory reserves, special reserves against  active operations with fulfillment  of obligatory norms set by the National Bank of Ukraine are met in full.

For 2010 VOLKSBANK had stable liquidity, functioned with significant safety margin  compared to the established normative requirements of the NBU about correlation of  assets and liabilities according to repayment period.



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