UniCredit’s Ukraine Unit to Almost Double Capital, Interfax Says

UniCredit’s Ukrainian unit Ukrsotsbank will increase statutory capital by 94.5 percent to 2.47 billion hryvnia ($310 million), Interfax-Ukraine newswire reported, citing the bank’s chief executive officer, Borys Timonkin.

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

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.