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Report: Ukreximbank eyes 12B hryvnia capital boost

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Report: Ukreximbank eyes 12B hryvnia capital boost

asked the Ukrainian Finance Ministry to increase itscapital by 12 billion Ukrainian hryvnia in 2017, Delo.ua reported Oct. 2.

The lender'smost recent recapitalization, amounting to 9.3 billion hryvnia, was carried outin January, increasing its authorized capital to 31 billion hryvnia, the newsreport noted. Ukreximbank reported a net loss of 1.3 billion hryvnia in thefirst half, according to Delo.ua.

Recapitalizationof Ukrainian state banks is financed via the issuance of government bonds, asagreed with the International Monetary Fund, Delo.ua noted.

As of Sept. 30, US$1 wasequivalent to 25.93 Ukrainian hryvnia.