On February 28, 2017 the Agroprosperis Bank's sole shareholder Agro Holdings (Ukraine) Limited decided to increase the charter capital to UAH 210 million. Necessary funds in amount of UAH 50 million were paid into account on May 4, 2017.
On May 18, 2017 the Bank submitted to the National Bank of Ukraine the documents for approval of the Charter of PJSC "AP BANK" in the new edition associated with an increase in charter capital.
The funds raised will be used to support liquidity and lending to agricultural producers.
To recap, Agro Holdings (Ukraine) Limited, an affiliate company of NCH Capital (USA), on July 17, 2015 signed an agreement to acquire PJSC "Astra Bank" (the new name is PJSC "AP Bank"), which in 2015 was declared insolvent by the National Bank of Ukraine. The deal value was UAH 92 million. The new owner within the 30-day period recapitalized the Bank in the amount of UAH 160 mln. On February 4, 2016 the Bank entered the market under a new brand - Agroprosperis Bank.
