Bloomberg News

BNP Paribas’s Ukrainian Unit to Increase Capital in Share Issue

November 29, 2011

Nov. 29 (Bloomberg) -- BNP Paribas SA’s Ukrainian lender AKIB UkrSibbank plans to increase statutory capital 1.36 billion hryvnia ($169.6 million) to 8.87 billion hryvnia.

Kiev-based UkrSibbank will increase capital through an additional issue of shares, the bank said in an e-mailed statement today.

UkrSibbank is 84.99 percent owned by BNP Paribas and 15 percent by the European Bank for Reconstruction and Development.

--Editors: Douglas Lytle, James M. Gomez

To contact the reporter on this story: Kateryna Choursina in Moscow at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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