OREANDA-NEWS. July 22, 2009. Joint Stock Company The State Export-Import Bank of Ukraine (JSC Ukreximbank) continues to receive strong support from its sole shareholder, the Cabinet of Ministers of Ukraine (the Government), reported the press-centre of Ukreximbank.

In back-up of Ukrexim efficient performance of a real economy financier and a Government agent, the Cabinet of Ministers of Ukraine continues to increase Ukreximbank authorized capital.
In accordance with the Resolution by the Cabinet of Ministers of Ukraine of 06.05.2009 No432, authorized issued share capital of the JSC Ukreximbank has been increased by UAH 999,999,861.9 to total UAH 8,353,514,398.45. Related changes to the Statute have been duly registered on July 07, 2009.

The fresh equity injection keeps Ukreximbank among the best capitalized banks in Ukraine with comfortable capital adequacy, which remains above the regulatory requirements.

As previously reported, earlier in 2009 the Government made an injection of UAH 3,700.0 million to Ukreximbank equity capital and, following its non-dividend policy, approved capitalisation of Ukrexim Y2008 profits in the amount of UAH 590.882 million.

The state owns 100% shares of the JSC Ukreximbank, being the Bank’s sole founder and shareholder.