Bank Trust to attract investor to increase charter capital by 2.5 times

17:09, 09.11.2016 1 min read

Bank Trust (Kyiv) will attract an investor to increase charter capital by 2.5 times, to UAH 300 million, the bank has said.

"A meeting of Bank Trust shareholders will be held on December 12, 2016, at which a decision will be made as for increasing charter capital by issuing new shares, including for a new investor - Flexinvest Plc. The investor highly praised the current business model of PJSC Bank Trust and confirmed to the National Bank of Ukraine its readiness to increase the bank's charter capital by UAH 180 million," a statement reads.

According to the bank, the planned completion of investing is February 2017.

The bank told Interfax-Ukraine Flexinvest Plc is a Russian company investing particularly in the banking sector.

Bank Trust was founded in 2007.

According to information on the NBU's website, as of February 22, 2016 the owners of Bank Trust were Volodymyr Avramenko (78.9%), Russian citizen Sergey Belyaev (16.1%), and Sorin Mayerian (5%).

Bank Trust ranked 60th among 101 operating banks in the country on October 1, 2016 by total assets (UAH 825.045 million), according to the National Bank of Ukraine.