Credit Dnepr Bank, whose final beneficiary is the Ukrainian businessman Viktor Pinchuk, increased its authorized capital by almost UAH 1.2 billion, or 78.8%, to UAH 2.7 billion.
This was reported by the Bank's press service.
The capital was increased through the private placement of stocks of additional issue.
On August 15, the bank registered a new revision of the charter in connection with the increase of the authorized capital.
Also, in connection with the changes in the legislation of Ukraine, the form of ownership of Credit Dnepr Bank was changed - the bank was transformed from a public joint stock company (PJSC) into a joint-stock company (JSC).
Credit Dnepr Bank was founded in 1993. Its sole shareholder is the company Bronkroft Enterprises Ltd., which indirectly belongs to Victor Pinchuk.
According to the National Bank, as of June 1, 2018, the bank ranked 21st among 84 active assets (9.4 billion UAH) in terms of the total assets.