The decision taken by the shareholders meeting of 28th August, 2009 changed the form of organizational structure of the Ukrainian Bank for Reconstruction and Development from Open Joint Stock company to Public Joint Stock company. The Articles of Association of the bank was also changed in compliance with the requirements of the Law of Ukraine “On Joint Stock Companies” that came into force as of 30th April, 2009. Moreover, the shareholders approved the change of members of the Supervisory body and new provisions included into the regulations on Supervisory body and the Board of Administration of the bank.
Giving his comment on the results of the shareholders meeting, Ivan Koriakin, the UBRD Chairman of the Board pointed out that the decisions taken by the shareholders concerned mostly the prospects of the bank stable development. “Our strategy is directed towards achieving qualitative improvement of credit portfolio of the bank as well as stabilization of its financial indicators closely following the standards of the National Bank of Ukraine” – he said.