General Shareholders’ Meeting of PJSC “Ukrsotsbank”, UniCredit Bank™, was held on 23 April 2013
On 23 April 2013 the annual General Shareholders’ Meeting of PJSC “Ukrsotsbank”, which operates under the UniCredit Bank trade mark, was held.
During the meeting the shareholders of the bank approved the report of the Management Board on fulfillment of main activities planned for 2012 and determined main tasks for 2013.
In April 2012 the general Shareholders’ Meeting of PJSC “Ukrsotsbank” approved the Bank’s capital increase for USD 150 million. The total stockholders' equity of the Bank amounted to UAH 9 billion in late 2012, which strengthened the level of Bank capital and provided proper financing for acceleration of further development at Ukraine’s market.
«In 2012 we strengthened our capital by increasing total stockholders' equity of the Bank up to UAH 9.064 billion. To further extend Bank’s activity we will rely upon our capital, our strong liquidity position and our values. We are a strong and sustainable banking establishment; as a matter of fact we continue to increase our customers’ deposits and the satisfaction of our customers», - said Giacomo Volpi, CFO of PJSC “Ukrsotsbank”, UniCredit Bank™.
Despite the marginality decrease and NPL writing-off, the bank remained profitable in 2012 by having recorded UAH 3 million net income.