Thursday, September 29, 2011

In NBU figured out how to revive the banks

The National Bank of Ukraine has proposed to use the IMF Ukreximbank to capitalize recapitalize the banks in particular, the State Bank proposes to use to save Rodovid Bank, reported ZN.UA. To this end, the NBU is proposing to increase the capital of the State Bank (total capitalization will be determined by the audit first) and moved into Ukreximbank obligations Rodovid to private clients, together with its live assets and retail network. "From the remnants of the same Rodovid Bank National Bank proposes to make a so-called bad bank - a structure in which all will be accumulated non-performing assets of Ukrgasbank," Kiev ", and possibly the bank" Nadra ", - the newspaper notes. Ukrgasbank at the same time will have to "absorb" the bank "Kiev" if they did not succeed until the end of the second quarter to go to fulfill all the standard indicators of NBU. If this plan will be approved by the IMF, National Bank plans within one to two years of an IPO of state banks, in which the state share is less than 100%, and expects to gain for shares of quasi-financial institutions as much as the government invested in the recapitalization program.

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