Monday, November 14, 2011

AUB: We are not allowed to destroy the small banks

Parliament Ukrainyprinyala bill № 0884 "On amendments to some laws of Ukraine (regarding regulation of banks), which up to this effort, AUB was shot 4 times c vote because of discriminatory rules on banks. In particular, the bill provided for the requirement to increase the authorized capital of newly established banks to 500 million USD. As a result of compromises reached, this requirement has been reduced to 120 million USD. "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) "- said in a statement AUB. The Association has positively assessed the results of voting by which "managed to keep the Ukrainian economy and society more than a third of banks with the Ukrainian capital," - said in a statement. Recall the requirement to increase the authorized capital of newly established banks to 500 million USD have been prescribed bill number 0884 in accordance with the agreements the commitments of Ukraine to the IMF and World Bank.

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