Megabank collects minority

Today, the European Bank for Reconstruction and Development (EBRD) will approve the purchase of up to 25% of the shares and the allocation Megabank him long-term loan, totaling 20 million euros.

According to market participants, entry into the capital of the Bank Megabank needed to secure the repayment of loans previously granted to them, which sends a Ukrainian bank lending to small and medium-sized businesses.
  Current shareholders could not provide guarantees of continued financial support Megabank, experts believe.

Board of Directors of the Bank will decide today to become an equity Megabank that will be the first purchase of the Bank for the banking market of Ukraine since the beginning of the crisis. Our goal is to support not only from foreign banks. Megabank - this is a regional player, with whom we have good business relations. Through negotiations, we came to the conclusion that the best support for the hyperlink is the entry in its capital - said the press аташе EBRD Anton Usov .- We are always working on a standard pattern: a additional issue, the EBRD is buying off a maximum of 25% 1 share the bank is determined by a clear development strategy for the Bank and further withdrawal from the shareholders of institutions.

Give blokpaket shares a hyperlink agreed through long-term cooperation with the EBRD. We are working with the Bank for over three years. A decision on his entry into the capital will enhance the credibility of the hyperlink is in a crisis and provide long-term prospects for development. In addition, the Bank will support the credibility of deposit and credit policy of the bank, - said the head of набсовета Megabank Victor Subbotin.

He declined to name the share capital, which bought out the Bank, and the amount of the transaction. Sum from the sale of shares in the form of long-term loan Megabank receive up to 20 million euros.

Megabank waived through the Bank despite the fact that on April 28 completed the capital increase by 75%, or 150 million UAH - to 350 mln UAH. And in June, IFC intends to provide the bank $ 20 million, of which $ 10 million will be sent to the capital in the form of seven junior loan. In addition to shareholders Megabank institutions such as The Bank of New York Mellon, UniCredit Bank Austria AG, UniCredit CAIB AG, AB SEB bankas, AP Anlage Privatbank AG and Raiffeisen Zentralbank Osterreich (the overall percentage - 8.6%). According to the IFC, Subbotin directly and indirectly owns 90% of the shares. The Bank is working in the field of crediting small and medium-sized businesses at the expense of the EBRD, IFC, KfW and the German-Ukrainian Fund.

Market participants believe that the decision to engage the Bank in the capital of the bank may be related to the reluctance of minority again increase funding agencies. The existing minority shareholders will have no money, so Megabank profitable to attract the capital of the Bank, as well as its weight, it could lead to the bank of new investors. For the main shareholder of the problem is that when joining the Bank, he may lose control of the bank, - said Chairman of the Board FUIB Raphal Yuschak. According to experts, given the decline in the prices of banks and long-term work with the EBRD Megabank, bank shares could be bought at par. New shareholder certainly attracted in order to increase the capitalization Megabank. Now the situation difficult, and it is unlikely that these actions will be at a high price, especially since the Bank conducts a thorough audit, - said chairman of the bank Khreshchatyk Dmitry Гриджук .- It may thus major creditor, through the Bank wants to control the activities of the bank, in which he has invested much money .

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