European Bank for Reconstruction and Development (EBRD) and the Development Bank KfW (Germany) to acquire 30% stake Megabank (Kharkiv).
As the correspondent of agency Interfax-Ukraine, an agreement was signed on Thursday.
Generally, these international financial institutions (MFIs) provide a program to support the Ukrainian bank in the amount of EUR28, 9 million
the EBRD and the German state development bank KfW Entwicklungsbank provide financing package totaling up to EUR28, 9 million Megabank OAO - one of the strongest regional banks in eastern Ukraine, - stated in a joint press release finuchrezhdeny.
program funding, among other things, provides for a five-year loan from the EBRD in the amount of EUR10, 4 million subordinated loan and a seven-KfW to EUR2, 5 million
As part of the transaction the Bank and KfW have organized a technical assistance program amounting to $ 0.9 million, which will help improve risk management in the hyperlink.
As the head of the supervisory board (NA) Megabank Victor Subotin at a press conference after signing the document, KfW and the EBRD will become the owners of 15% shareholdings in the Ukrainian governmental finuchrezhdeniya after redemption of additional issue of securities the bank in the amount of 150 million UAH: Paid in capital Bank increased by 43% - up to 500 million UAH.
Chapter
Bank NA also recalled that the question of increasing the authorized capital before the general meeting of shareholders of financial institutions on 21 August.
As previously reported, the bank planned to issue an additional private placement and ordinary registered shares of nominal value of UAH 1 from 18 to 30 September.
Subotin also expressed confidence that this year the bank will conclude with a profit and an acceptable rate of profitability: after joining KfW and the EBRD to the shareholders of a business plan finuchrezhdeniya be adjusted.
As the Senior Vice-President, KfW Entwicklungsbank Doris, Ken held the deal lays the foundation for long-term cooperation and KfW Megabank.
Today's event, we view as an opportunity to send a powerful signal to all of Ukraine and the world … In Ukraine, there are companies, banks and organizations that are sufficiently strong, can provide an excellent level of service and have the prospect of development, even in such difficult times , - she added.
representatives of KfW and the Bank assume that similar agreements could be signed with other finuchrezhdeniyami Ukraine.
It is hoped that there will be more and other projects, - said the Director of the EBRD in Ukraine Andre Kuusvek.
According to him, for the current year prepared by the Bank loan projects in the financial sector in the country for another $ 250 million At the same time A. Kuusvek recalled that the Bank since the beginning of 2009, taking into account the most recent transaction, provided the Ukrainian banks funding worth more than $ 500 million
Ken reported that in addition to lending projects, investment opportunities KfW in the capital stock of Ukrainian companies in 2009, about $ 50 million
OAO Megabank (previously - Bank Dobrody ) was founded in 1990. The largest shareholders of the bank on 1 July 2009 a Joint-Stock Company M-Invest (38.9981%), JSC Stock Company Investment (24.9761%). In doing so, the biggest beneficiaries of the bank by the beginning of July this year, Victor and Elena Subotin.
According to the National Bank of Ukraine, by 1 July 2009 to total assets (UAH 2.95 billion) Megabank took 48 th place among 184 Ukrainian banks operating.
EBRD is the largest financial investor in Ukraine: on 1 July 2009 the bank has made a commitment in the amount of EUR4, 3 billion through 179 projects.
KfW - a leading German Development Bank. C 2003, KfW, on behalf of the Federal Government, provides financial cooperation with Ukraine: the total amount of approved allocation of EUR260 million for investment projects in such areas as energy efficiency, the financial sector, as well as social and communal infrastructure.
On the negative territory traded securities VTB (-0,7%), OGK-5 (-0.8%) and Polyus Gold (-0,3%)Aircraft coming speculative stock of Siberian genkompany - TGK-13, Irkutskenergo TGK-11 - today, falling by 6%Commodity prices in the medium term will remain near current levels or higherIrkut has chosen first-level on a number of programs for MS-21Overview of the oil market for 19.08.09Of the major macroeconomic statistical data suggest that to draw attention to the statistics for benefits in the United StatesChapter Gosfinuslug Suslov finds it impossible to stabilize the hryvnia rate without normalization of political situationKiev have hot water, can now divide the light?If the United States at the opening of the market will decline, the MICEX index may return to the 1030 points mark
EBRD and KfW to acquire 30% stake Megabank
European Bank for Reconstruction and Development (EBRD) and the Development Bank KfW (Germany) to acquire 30% stake Megabank (Kharkiv).
As the correspondent of agency Interfax-Ukraine, an agreement was signed on Thursday.
Generally, these international financial institutions (MFIs) provide a program to support the Ukrainian bank in the amount of EUR28, 9 million
the EBRD and the German state development bank KfW Entwicklungsbank provide financing package totaling up to EUR28, 9 million Megabank OAO - one of the strongest regional banks in eastern Ukraine, - stated in a joint press release finuchrezhdeny.
program funding, among other things, provides for a five-year loan from the EBRD in the amount of EUR10, 4 million subordinated loan and a seven-KfW to EUR2, 5 million
As part of the transaction the Bank and KfW have organized a technical assistance program amounting to $ 0.9 million, which will help improve risk management in the hyperlink.
As the head of the supervisory board (NA) Megabank Victor Subotin at a press conference after signing the document, KfW and the EBRD will become the owners of 15% shareholdings in the Ukrainian governmental finuchrezhdeniya after redemption of additional issue of securities the bank in the amount of 150 million UAH: Paid in capital Bank increased by 43% - up to 500 million UAH.
Chapter
Bank NA also recalled that the question of increasing the authorized capital before the general meeting of shareholders of financial institutions on 21 August.
As previously reported, the bank planned to issue an additional private placement and ordinary registered shares of nominal value of UAH 1 from 18 to 30 September.
Subotin also expressed confidence that this year the bank will conclude with a profit and an acceptable rate of profitability: after joining KfW and the EBRD to the shareholders of a business plan finuchrezhdeniya be adjusted.
As the Senior Vice-President, KfW Entwicklungsbank Doris, Ken held the deal lays the foundation for long-term cooperation and KfW Megabank.
Today's event, we view as an opportunity to send a powerful signal to all of Ukraine and the world … In Ukraine, there are companies, banks and organizations that are sufficiently strong, can provide an excellent level of service and have the prospect of development, even in such difficult times , - she added.
representatives of KfW and the Bank assume that similar agreements could be signed with other finuchrezhdeniyami Ukraine.
It is hoped that there will be more and other projects, - said the Director of the EBRD in Ukraine Andre Kuusvek.
According to him, for the current year prepared by the Bank loan projects in the financial sector in the country for another $ 250 million At the same time A. Kuusvek recalled that the Bank since the beginning of 2009, taking into account the most recent transaction, provided the Ukrainian banks funding worth more than $ 500 million
Ken reported that in addition to lending projects, investment opportunities KfW in the capital stock of Ukrainian companies in 2009, about $ 50 million
OAO Megabank (previously - Bank Dobrody ) was founded in 1990. The largest shareholders of the bank on 1 July 2009 a Joint-Stock Company M-Invest (38.9981%), JSC Stock Company Investment (24.9761%). In doing so, the biggest beneficiaries of the bank by the beginning of July this year, Victor and Elena Subotin.
According to the National Bank of Ukraine, by 1 July 2009 to total assets (UAH 2.95 billion) Megabank took 48 th place among 184 Ukrainian banks operating.
EBRD is the largest financial investor in Ukraine: on 1 July 2009 the bank has made a commitment in the amount of EUR4, 3 billion through 179 projects.
KfW - a leading German Development Bank. C 2003, KfW, on behalf of the Federal Government, provides financial cooperation with Ukraine: the total amount of approved allocation of EUR260 million for investment projects in such areas as energy efficiency, the financial sector, as well as social and communal infrastructure.
On the negative territory traded securities VTB (-0,7%), OGK-5 (-0.8%) and Polyus Gold (-0,3%)
Aircraft coming speculative stock of Siberian genkompany - TGK-13, Irkutskenergo TGK-11 - today, falling by 6%
Commodity prices in the medium term will remain near current levels or higher
Irkut has chosen first-level on a number of programs for MS-21
Overview of the oil market for 19.08.09
Of the major macroeconomic statistical data suggest that to draw attention to the statistics for benefits in the United States
Chapter Gosfinuslug Suslov finds it impossible to stabilize the hryvnia rate without normalization of political situation
Kiev have hot water, can now divide the light?
If the United States at the opening of the market will decline, the MICEX index may return to the 1030 points mark