Friday, September 2, 2011

Fate Rodovid Bank may decide before the end of this week

Ministry of Finance permits consideration of expert analytical advice on issues of state participation in banks' capitalization situation Rodovid Bank until March 5. Decision about the future of problem-Rodovid Bank can be made as early as this week. This was announced by Minister of Finance Fedor Yaroshenko. "In the near future, possibly this week, will be a meeting of expert-analytical Council, where decisions are made on the future of this bank" - he said. Yaroshenko added that the Government keeps under review the situation at the bank. According to "Delo", 26 January, it became known that Rodovid Bank stopped issuing 100 hryvnia per day for deposits that expired. Officially, the bank did not comment on the situation, but a source in Rodovid confirmed that all payments are terminated, blocked, there were even payroll card members. The next day, representatives of the bank's assurances that there was a technical failure, the payments will resume "soon". The site itself Rodovid clarified the cause of failure. "Suspension of ATM network and operations with payment cards caused by carrying out works in order to further increase the daily limit on payment cards" - the bank said. "Implementation of the transactions on payment cards customers will be restored by the bank in the near future, including cash withdrawal transactions with payment cards depositors in the limit increase to 150 UAH. per day (previously - UAH 100. in the day - "BUSINESS"), "- noted on the site. However, 9 February Rodovid Bank announced that it will resume operations with payment cards. Cardholders troubled financial institutions will be able to shoot with them the funds and pay in retail chains within the limits that were in effect until January 26 this year.

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