Agroprosperis Bank has successfully completed the procedure of increasing its charter capital up to UAH 310 million through an additional issue of shares.
On October 13, 2017 Agro Holdings (Ukraine) Limited, the Agroprosperis Bank shareholder, took the decision on additional shares placement and on November 28 transferred the necessary funds in the amount of UAH 100 million. The procedure was completed on May 17, 2018, as evidenced by the Stock Issue Registration Certificate issued by the National Securities and Stock Market Commission.
According to Serhii Shchepanskyi, Agroprosperis Bank Chairman of the Board, additional funds were raised in order to increase the financing of Ukrainian small and medium farmers. “Just this April we provided UAH 80 mln of financing to farmers and in total for this season we have doubled our agricultural loan portfolio,“ he said.
The only shareholder of Agroprosperis Bank is Agro Holdings (Ukraine) Limited, which is indirectly owned by the fund NCH Agribusiness Partners II, L.P. The fund's investors are well-known international financial institutions, universities and pension funds of the United States and Europe, including the European Bank for Reconstruction and Development (EBRD). NCH Agribusiness Partners II, L.P. is a member of an investment funds group managed by NCH Capital Inc. (USA), which has been managing investments of $3 billion through 9 regional offices around the world since 1993.