OTP Bank raises capital of Ukrainian unit

Telco

jessica fejos

Hungaryʼs OTP Bank said Monday that it had raised the registered capital of its Ukrainian unit to UAH 6.186 billion, about €228 million or HUF 72.1 bln, Hungarian news agency MTI reported.

(Photo: Jessica Fejos)

The registered capital increased from UAH 3.668 bln in May 2015, OTP told MTI.

The capital increase was registered by the Ukrainian company court, the bank said.

OTP Bank Ukraine had negative shareholdersʼ equity of HUF 44.5 bln at the end of September 2015, OTP Bankʼs unaudited report showed. It registered after-tax losses of HUF 27.1 bln in the first nine months of last year.

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