Prominvestbank (Kyiv) is boosting its charter capital by UAH 9.2 billion or 72.8%, to UAH 21.833 billion via an additional issue of shares, the bank has reported in the information disclosure system of the National Commission for Securities and the Stock Market of Ukraine.

According to the report, the decision was made by the bank's shareholders at a general meeting on April 23, 2015.

The bank will privately place shares among its existing shareholders.

The new shares are being placed to execute the requirements of the National Bank of Ukraine (NBU) on the additional capitalization of the bank with the purpose of increasing its financial stability and competitiveness.

Prominvestbank was founded in 1992. Its largest shareholder as of January 1, 2015 was Vnesheconombank (98.6%).

Prominvestbank ranked fifth among 158 operating banks as of January 1, 2015, in terms of total assets worth UAH 52.656 billion, according to the NBU.