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Cash management poll 2008:

Cash management poll 2008:

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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Wednesday, July 9, 2008

ING bank intends to increase statutory capital 4-fold to UAH 1.6bn.





ING bank intends to increase statutory capital 4-fold to UAH 1.6bn. ING bank revealed its plans to increase statutory capital 4-fold to UAH 1.6bn. The bank intends to issue 130.046bn of ordinary shares with nominal value of UAH 0.01. The shares will be placed among current shareholders. The raised funds will be channeled to increase credit volumes and increasing client’s base. The final decision will be announced after shareholders’ meeting on August 20, 2008. ING bank N.V started operating in Ukraine since 1994. The bank is mainly oriented on corporate loans. ING bank net assets amounted to UAH 5.77bn, liabilities were UAH 5.12bn, and capital reached UAH 650.4mn, as of end March.







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