National Bank came up with a plan to save troubled banks

The National Bank of Ukraine invited the International Monetary Fund for new solutions to save the nationalized banks, and Nadra Bank, which the government is committed to recapitalize. It is reported by "The Mirror of the week. Ukraine. It is reported that the experts of the IMF mission agreed to reconsider its view (to eliminate recapitalize the banks), but only after the National Bank of Ukraine has promised to take responsibility for their fate on themselves. In particular, the NBU's reasoning was quite simple: although the low investment in the nationalized banks are already too high, the elimination of Rodovid Bank and eventual cessation of the bank's license "Kiev" will not return the money. Vspasenii Rodovid Bank proposes to use the NBU Ukreximbank. For this purpose it is proposed to increase its capital (the amount of capital increase will be determined by the audit first) and moved into a state bank liabilities 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 Ukrgasbank, "Kiev", and possibly the bank "Nadra". UkrGasBank, in turn, will have to absorb the bank "Kiev", if the latter fails to end 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. It was reported that during the negotiations in the framework of the Memorandum between Ukraine and the IMF, the IMF experts recommended the Government to eliminate two of the three recapitalized by the state financial institutions - Bank of Kyiv and Rodovid Bank, but still retain the license for Ukrgasbank, located in the most "live" state. Recall that in 2009-2010 as part of the recapitalization of banks under state control, crossed UkrGasBank, Kyiv Bank and Rodovid Bank: financial institution that has been allocated about 17 billion USD. budget. Later in the media reported intention of the authorities dokapitalizirovat two of the three nationalized banks. In particular, Rodovid Bank planned to allocate 5.8 billion UAH. And Ukrgasbank - 3 billion USD. Ministry of Industry