Ukraine's largest bank, Privatbank, will increase its capital by 2.58 billion hryvnias ($101 million) from 21.26 billion hryvnias, its press service said in a statement following a shareholder meeting on August 26.
Reforming the banking sector, including by recapitalising Privatbank and other large lenders and reducing their lending to shareholders, was one of the tasks mandated by a $17.5 billion International Monetary Fund bailout programme that has faced repeated delays.
