Shareholders of Privat Bank in Ukraine will meet to plan an effort to increase capital, the bank said Friday.
A meeting of its shareholders will take place Nov. 24 in Dnepropetrovsk. The supervisory board of the bank authorized the meeting that will involve the discussion of how to increase the bank's capital pool, the press service of the bank said. The plan would involve the moving private shares into existing pools of shares at a nominal value and further contributions from shareholders themselves.
With 14.6 million individual and 334,000 corporate clients, Privat Bank is one of the largest retail banking institutions in the country. The bank's assets stood at 201,232 million hryvnia (UAH) as of Nov. 1 in regulatory capital. The bank also reported a net profit for the first three financial quarters of 426,957,000 UAH among its 2511 branches, 7,570 ATMs and 12,993 self-service terminals.