Today, the European Bank for Reconstruction and Development ( EBRD ) intends to approve purchase up to 25 % of the shares and the allocation of Megabank him long-term loan totaling 20 million euros.
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According to market participants, entry into the capital to the Bank Megabank to secure the repayment of previously issued them loans that Ukrainian bank aims at lending to small and medium-sized businesses. Current shareholders could not give a guarantee of further financial support Megabank believe experts. EBRD Board of Directors today will make a decision about joining Megabank equity that will be the first purchase of the Bank's banking market since the crisis began. "Our mission is to support not Only foreign banks. Megabank - is a regional player, with whom We have good business relations. Through negotiations we came to the conclusion that better support for Megabank is entering into its capital - said press attache EBRD Anton Usov .- We are always working on the standard scheme: to be held additional issue, the Bank acquires a maximum of 25% +1 share of the bank is determined by clear development strategy of the bank and further withdraw from the shareholders of institutions. " Give a blocking stake in Megabank agreed due to long Cooperation with the EBRD. "We are working with the Bank over three years. The decision to entering the capital increase the credibility of Megabank in crisis and provide long-term prospects. In addition, the credibility of the Bank will support deposit and lending policies of the bank "- the head of the Supervisory Board Megabank Viktor Subbotin. He declined to name the capital stock, which will buy EBRD and the amount of the transaction. Totally for the sale of shares in the form of long-term Megabank receive credit of up to 20 million euros. Megabank did not give up by the Bank despite the fact that on April 28 completed a capital increase 75%, or 150 million UAH - to 350 million USD. In June, IFC intends to allocate bank $ 20 million, of which $ 10 million will be allocated to capital in the form of seven subordinated debt. In addition, the shareholders of Megabank institutions such as The Bank of New York Mellon, UniCredit Bank Austria AG, UniCredit CAIB AG, AB SEB bankas, AP Anlage \u0026 Privatbank AG and Raiffeisen Zentralbank Osterreich (The overall percentage - 8, 6%). According to the IFC, Subbotin, directly and indirectly owns 90% of the shares. The Bank is working in the field of lending to small and medium-sized business by EBRD, IFC, KfW and the German-Ukrainian Fund. Market participants believe that the decision to bring the Bank into the bank's capital may be due to the reluctance to increase funding for minority again institutions. "The existing minority shareholders probably do not have money Megabank so profitable to attract capital to the Bank, as its authority it can lead to the bank of new investors. For the main shareholder issue that when joining the Bank he might lose control of the bank ", - says Chairman Rafal Juszczak FUIB. According to experts, given the decline prices of banks and long-term operation with the EBRD Megabank, the bank's shares may well be purchased at face value. "New Shareholder probably attracted to increase the capitalization of Megabank. Now the situation is difficult, and unlikely to These shares will be high price, especially considering that the Bank conducts a thorough audit check - said Chairman of the Board 'Khreshchatyk' Dmitri Gridzhuk .- Perhaps the biggest lender in this way in the face of the Bank wants to control activities of the bank, in which he has invested a lot of money. "
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