Folowing the approved long-term strategy in Ukraine Eurobank group decided to increase the capital of Universal Bank for more than 500 million UAH.
The decision to increase the capital of Universal Bank by half a billion UAH was made by General Meeting of Shareholders of PJSC «Universal Bank», which was held on 11.03.2014. This step was one of the first in the framework of three-year Universal Bank development strategy in Ukraine approved by Eurobank group.
Universal Bank, as a reliable European Bank, has a high level of liquidity of 111% (at a norm rate of 40%) and capital adequacy ratio at the level of 14.74% (at a norm rate of 10%).
«Capital increase of Universal Bank demonstrates the active support of the parent Eurobank group and long-term plans for its presence and development in Ukraine. Support of the group allows our bank to successfully implement the strategy for 2015 and actively gain, serve and provide financing for the business segment in Ukraine», - said the CEO of Universal Bank Igor Volokh.