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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

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