Sberbank of Russia has adopted the decision on the increase of authorized capital of its subsidiary financial institution in Ukraine for UAH 4780 billion to UAH 8 172 billion, as it is said in the message of the Ukrainian subsidiary financial institution, PaySpaceMagazine reports.
“On the 22nd December of 2015 the only shareholder of Sberbank, the public joint stock company “Sberbank of Russia”, owning 100% of shares of Sberbank, adopted the decision on the increase of authorized capital to UAH 8 172 460 500”, - as noted in the message.
During the increase of authorized capital Sberbank will issue additional 4 780 billion shares, each – 1 UAH.
It is not specified in the message during which period it is planned to allot additional shares.
Currently the authorized capital of Sberbank makes up UAH 3 392 billion.
As it was reported, as of the October 1st, 2015, in terms of the amount of total assets (UAH 53.75 billion) the Ukrainian subsidiary of the Sberbank of Russia ranked fifth among 123 financial institutions, operating in the country.
It was previously reported that Sberbank of Russia sold the subsidiary bank in Slovenia.
