On April 12, 2016, the regular meeting of shareholders of Public Joint-Stock Company «Commercial Industrial Bank» was held.
At the meeting, the reports of the Bank's Management Board and the Bank's Supervisory Board, the results of the audit report for 2015, as well as the results of economic and financial activities of Public Joint-Stock Company «Commercial Industrial Bank» for 2015 were considered and approved.
The net profit of Public Joint-Stock Company «Commercial Industrial Bank» for 2015 amounted to UAH 13,727,078.33 and was distributed by the decision of the Bank's Shareholders' Meeting as follows:
- 5% of the profit for 2015 in the amount of UAH 686,353.92 directed to the Bank's reserve fund in accordance with the requirements of Article 36 of the Law of Ukraine «On Banks and Banking Activities»;
- profit in the amount of UAH 12,737,548.89 directed to increase the authorized capital by increasing the nominal value of shares;
- profit in the amount of UAH 303,175.52 left undistributed.
It was also decided to direct the profit of previous periods for 2012-2014 in the amount of UAH 3,466,720.55 to increase the authorized capital by increasing the nominal value of shares.
Thus, the Shareholders' Meeting of JSC «CIB» made the decision to increase the bank's authorized capital by UAH 16,204,269.44 to UAH 128,621,388.68.
We remind you that according to the NBU requirements, banks had to increase their authorized fund to UAH 120 million by 17.06.2016. Thus, JSC «CIB» fulfilled the NBU's requirements for bank capitalization in advance and exceeded the minimum required amount.
