Idea Bank intends in 2014 to inject UAH 71.1 mln in capital

Kyiv, April 1 (Interfax-Ukraine) - Idea Bank (Lviv, part of Getin Holding) intends in 2014 to inject UAH 71.147 million into the capital at the expense of increasing charter capital and raising a subordinated debt, bank board chairman Andriy Riazantsev has told reporters in Kyiv.

"Currently the National Bank of Ukraine (NBU) is registering a subordinated debt of UAH 29.147 million. Moreover, this year the bank plans to raise UAH 12 million under the terms of a subordinated debt and increase its charter capital by UAH 30 million," said Riazantsev.

Riazantsev said at a press conference at Interfax-Ukraine on Tuesday that the bank plans in 2014 to increase its assets under international financial reporting standards (IFRS) by 46%, to UAH 4.4 billion. Its profit under IFRS in the current year could increase by 60%, to UAH 150 million.

The chairman of the supervisory council at Idea Bank, Grzegorz Tracz, said at the press conference it was planned this year to keep the bank's regional network at the level of 100 offices.

Earlier, the shareholders of Idea Bank at a general meeting on September 27, 2013 decided to increase charter capital by 9.7%, or UAH 17.5 million, to UAH 198 million through issuing additional shares.

Idea Bank (formerly Plus Bank) was founded in 1989. Its largest shareholder on January 1, 2014 was Polish-based Getin Holding S.A. with 99.2602%.

According to the National Bank of Ukraine, on January 1, 2014 Idea Bank (UAH 2.867 billion) ranked 62nd among the 180 banks operating in the country.