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Universal Bank increases its statutory capital


Universal Bank increases its statutory capital


Decision of international Eurobank EFG group as for Universal Bank development

On April, 22 in Greece the strategic group committee on business development of affiliated parent company Eurobank EFG took the decision to increase Universal Bank’s capital on 20 million euro, UAH 200 million in national currency equivalent. It is planned to enroll the capital partly already in the 2d quarter of 2009 after passing of all procedures. As of January 1 of the current year in obedience to NBU report the size of the statutory capital made up UAH 837,712 million.


The increase of Universal Bank reserves will promote bank’s solvency and also will be instrumental in strengthening of its reliable and stable activity at the country internal market.

Taking into consideration the NBU set norm on capital adequacy ratio 10% for the Ukrainian banks, as of April, 1, 2009 this index of Universal Bank made up 16,7%, that is 2,4% higher than the index as of January of the same year.
«The decision of Universal Bank shareholders’, international Eurobank EFG group, to increase  Universal Bank’s capital allows our bank to provide additional financial solidity, in order to responsibly carry out the obligations towards our clients. Our financial group stably follows its strategy of developing banking in Ukraine and believes in the future of the country» - comments Miltiadis Papanikolaou, CEO of Universal Bank.
Bank profile
OJSC Universal Bank belongs to the group of banks Eurobank EFG, which is a part of an international financial organization EFG Group, the third largest Swiss-based banking group. EFG Group has an established presence in over 30 countries of the world.

Eurobank EFG Group is a European banking organization with total assets of €79.4 bn. The Group employs more than 24,000 people and offers its products and services both through its network of over 1,700 branches and points of sale, and through alternative distribution channels.
Eurobank EFG is highly recognized by international rating agencies (Standard & Poor’s, Fitch and Moody’s) for its high level of service, professionalism of bank management and staff, financial potential and scaled investments in modern technologies.
History of the Ukrainian bank began 15 years ago with its foundation in 1994, and in 2006 it became the part of the international group of banks Eurobank EFG and received the new name OJSC «Universal Bank».
Universal Bank provides full range of banking services for private individuals and legal entities. The bank operates with such business segments as small and medium entrepreneurs as well corporate clients. Universal Bank has the branches network of national scale.
In September 2008 Universal Bank received one of the highest long-term credit rating in Ukraine – «uaAA» with prognosis “stable” that was affirmed on April 3, 2009 by the national rating agency «Credit-Rating».
Also on March, 2009 the agency «Credit Rating» appropriated Universal Bank the greatest rating of the bank reliability holdings with a mark «5». Rating represents long-term financial stability of bank and reliability of the deposit programs, which characterized ability of establishment in time and in full to make payments on deposits.
Financial indexes testify to the positive dynamics of Universal Bank growth. According to the financial statements report on 01.01.2009 Universal Bank showed growth on all indexes: the level of bank capital made up UAH 866, 7 mln., due to the bank capital indicator the bank entered Top - 30 of Ukrainian banks (according to the information of National Bank of Ukraine as of 01.01.2009),
the assets volume - UAH 8100, 9 mln., volume of attracted funds from legal and private entities - UAH 713, 0 mln. and UAH 1714, 8 mln. correspondingly, the size of credit portfolio is UAH 6710, 4 mln., total volume of credits of legal entities is UAH 1737, 8 mln.; of private entities is UAH 4972, 6 mln., and the net income of the bank - UAH 4,179 mln.

The bank is recognized by the banking experts. Thus on results of annual competition «MasterCard: Bank of the Year 2008» Universal Bank occupied the 2d place in two nominations simultaneously: «The Most Dynamic Bank of 2008» and «The Best Bank Product of 2008».

The complex communication campaign of Universal Bank (March-August 2008) was awarded with silver on the prestige competition of marketing efficiency «EFFIE Awards Ukraine 2008» in a category «Financial Services».