The Ukrainian government has issued a resolution increasing state-owned Ukreksimbank�s statutory fund by 100 million hryvnias, to a total of 2.06 billion. The relevant resolution #562 was adopted on June 25.
According to the resolution, the bank will issue 100 million hryvnias worth of additional shares with the current face value. All shares will remain in state hands.
The state budget 2008 provides for 300 million hryvnias to be injected in the two existing state-owned banks: 200 million hryvnias are to be added to VAT Oshchadbank�s statutory fund, and 100 million hryvnias are to go to Ukreksimbank.
UNIAN reference: VAT Export-Import Bank of Ukraine (Ukreksimbank) is a 100 percent state-owned financial institution.
The bank�s assets, as of April 1, 2008, were worth 30.66 billion hryvnias, compared to liabilities of 27.97 billion hryvnias. The bank�s equity totaled 2.56 billion, and its statutory capital stood at 1.96 billion hryvnias.
In the first quarter of 2008, the bank earned 130.32 million of net profit. In 2007, the bank posted a net profit of 501.02 million hryvnias.
