Rodovid banks are allowed to raise capital

The State Commission on Securities and Stock Market decided to register an increase in the authorized capital Rodovid Bank's 3.95 bln. This is stated in the report of the commission. "Securities Commission adopted a decision on registration of the report on the results of a closed (private) placement of shares in public joint stock company Rodovid Bank - said in the statement. This decision was taken by the Commission at a meeting on April 18. Members of the Securities Commission decided that the increase in authorized capital of the bank's compliance with applicable laws. Private placement was conducted in two phases during which it was placed in 100% of the planned volume of shares. According to "Delo", 30 March, the Government and the National Bank adopted a joint resolution that gives the start process of translating the depositors-physical persons Rodovid Bank State Oschadbank. According to the decree, the state dokapitaliziruet Rodovid Bank at 3.95 bln. at the expense of domestic bonds treasury bonds (T-bills). Furthermore, the additional 0.6 billion UAH. (In the form of government bonds). Thus, for the payment of deposits to depositors of the Bank Rodovid state will spend 4.55 bln. taxpayers' money. Materials: Ukrainian News