AUB has not given to destroy the small Ukrainian banks

February 15, 2011 the Verkhovna Rada of Ukraine passed a bill N 0884 "On amendments to some laws of Ukraine (regarding regulation of banks), which up to this effort, AUB was shot 4 times from the vote because of discriminatory rules concerning the Ukrainian banks. In particular, the bill provided for the requirement to increase the authorized capital of newly established banks up to 500 mln. As a result of AUB and the compromises reached during the voting in parliament, this requirement was reduced to 120 mln. In addition, the decision has been made by deputies rate at which banks are working already on the market, should result in the size of its share capital in compliance with this norm for 5 years (instead of 2 years, as suggested in previous editions). As you know, on the eve of leadership AUB held a working meeting with the NBU, during which they discussed the proposal of AUB and the possible compromise solutions. AUB also handed a letter to all deputies of Ukraine with compromise proposals on the requirements of the draft law N 0884. In particular, AUB offers for existing banks to establish requirements to increase to 120 mln. for regulatory rather than capital, setting this is not less than 3 years. Parliament adopted the norm established more stringent requirements for the authorized capital of existing banks, which is a compromise solution, given the mechanisms to stabilize the banking activity under Basel III. As noted in the AUB, in accordance with the foregoing requirements of the bill at more than 70 banks in Ukraine during 2 years of age have had to increase its authorized capital by an average of 67,2%, which requires 3,9 billion UAH. additional investment. In AUB positively evaluate the results of voting by which managed to keep the Ukrainian economy and society more than a third of banks with the Ukrainian capital. Recall the requirement to increase the authorized capital of newly established banks up to 500 mln. were included Bill N 0884 in accordance with the obligations of Ukraine reached before the IMF and World Bank.