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10:21
IMEXBANK BOOSTS STATUTORY CAPITAL BY 12%

Kyiv, July 29 (Interfax-Ukraine) – IMEXBANK (Odesa) is increasing its statutory capital by 12%, to UAH 890 million through an additional issue of shares, the bank has told Interfax-Ukraine.

The bank's shareholders made the decision at a general meeting on July 28.

The bank plans to perform a closed placement of additionally issued shares from September 14 until September 30, 2009.

As reported, the bank planned to boost their statutory capital by 11.3%, to UAH 885 million, but then decided to issue more shares.

The bank's shareholders also changed the bank statute due to the bank's reorganization from an open joint-stock company to a public joint-stock company.

As reported, on April 17, 2009, the government confirmed a list of seven banks that are to receive budget funds to increase their capital. IMEXBANK was among these banks. Later, the bank turned down additional capitalization with budget funds and its shareholders started investing into the bank's statutory capital.

IMEXBANK was founded in 1994. As of late May, its major shareholder was Leonid Klimov (18.2139%).

According to the National Bank of Ukraine, as of April 1, 2009, the bank ranked 34th among Ukraine's 182 operating banks in terms of total assets (UAH 4.844 billion).

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