News and events

Joint Stock Company The State Export-Import Bank of Ukraine (the JSC Ukreximbank) continues to receive strong support from its shareholder, the Government of Ukraine. This is particularly evidenced by regular capital injections and continued non-dividend policy realized through capitalization of the Bank’s profits.

The Cabinet of Ministers of Ukraine (the Government) had recently approved further increase in the authorized capital the JSC Ukreximbank. In accordance with the Resolution by the Cabinet of Ministers of Ukraine of 17.12.2008 No1116, authorized issued share capital of the JSC Ukreximbank had been increased by UAH 3,699,999,238.5 to UAH 6,762,632,262.75. Funds have been duly received on January 30, 2009.

In 2008, share capital of Ukreximbank have been increased three times, through capitalisation of profits gained by the Bank in 2007, by UAH 476,634,500.0  compliant to the Resolution by the Cabinet of Ministers of Ukraine of 22.02.2008 No56, and out of funds from the State Budget by UAH 99,999,265.5, compliant to the Resolution by the Cabinet of Ministers of Ukraine of 25.06.2008 No562, and by UAH 999,999,258.75, compliant to the Resolution by the Cabinet of Ministers of Ukraine of 26.11.2008 No1031.

Also, in compliance with Law of Ukraine of 31.10.2008 No639-VI “On priority measures to prevent negative effect from financial crisis and on amendments to certain legislative acts of Ukraine”, Ukreximbank shall capitalize its FY2008 net profit as well as past-period retained earnings, in the amount of no less than UAH 500 million.

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

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For any additional information you are welcome to contact:
Ms. Vera Posadska, Head of Macro Analysis and Investor Relations Department
E-mail: vposadska@hq.eximb.com
Tel: +38 044 247 38 76
Fax: +38 044 247 80 82