The National Bank of Ukraine (NBU) informs that on the 3rd of November, 2008, a new strategical investor claimed a right of holding and managing a significant share of capital (68 per cent) of the Joint Stock Commercial Industrial Investment Bank (Prominvestbank) and became de facto the Bank owner.
Registration of rights of the new owner has been done as established by law. At the same time, the Provisional Administrator (Mr. V.L.Krotiuk, NBU Deputy Governor) appointed according to the NBU Resolution of October 7, 2008, received for consideration a set of actions aimed at the Bank financial rehabilitation envisaging injection of funds into the Bank capital in an amount sufficient for complete recovery of the Bank solvency and liquidity during a month. Till the current year end the Joint Stock Commercial Industrial Investment Bank will be recapitalized and its authorized capital is to grow more than 5 times.
The steps of the Provisional Administrator and the new owner have been agreed in full with the National Bank of Ukraine Board.
The Provisional Administrator is, in accordance with the NBU Board Standing Orders and the laws in force (in particular, Article 78 of the Law of Ukraine “On Banks and Banking”) during 5 days to set up the new management bodies of Prominvestbank, namely the Supervisory Board and the Board of Directors.
Thereafter, according to the laws in force and the National Bank of Ukraine regulations, activity of the Joint Stock Commercial Industrial Investment Bank is to be resumed in the regular operating mode.