According to the agreed plan, the bank undertakes to increase its capital by UAH 10.645 bn, first tranche amounting to UAH 3.793 bn being made by April 1. This capital increase following the results of stress testing by the regulator will create additional “safety cushion” aimed at mitigating potential impact of external factors on stability of the bank.
“With this capital injection UniCredit Bank in Ukraine becomes more and more solid,” Mauro Maschio, General Manager of UniCredit Bank says. ”It is a relevant step to build the future best banking group in Ukraine together with Alfa-Bank and an example of the new transparent and constructive way of cooperation between the banks and NBU.”
Previous capital increase of the bank was done in spring 2015, when USD 500 m were injected to boost the capital.
