Transbank to raise statutory capital by USD 32mn.
Transbank to raise statutory capital by USD 32mn. The Transbank decided to raise the statutory capital by UAH 160mn (USD 32mn) to UAH 200mn. The intended increase will be achieved via additional share issue for existing shareholders and foreign investors. Transbank presently negotiates with French, Israeli and South Korean banks to sell its shares to them. As of Oct 1, 2006, the net assets of the bank amounted to UAH 629.5mn, its credit portfolio – to UAH 469.5mn and equity - to UAH 70.68mn. The bank ended the Jan-Sep 2006 with net profit of UAH 4.352mn. As of Oct 7, 2005 Volodymyr Kosterin had 23.66% stake in the bank, Eurowest ltd - 9.99% stake, Natalia Zhylina - 9.4% stake, Vartons Management Ltd - 8.75% stake and Hrindel Ukraina - 8.59% stake in the bank.