The Cabinet of Ministers decided to recapitalize only banks with temporary administration

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The cabinet decided to recapitalize only banks in which the temporary administration is entered.

About it it is spoken in the resolution of Cabinet of Ministers 148 of February 18.

"The state takes participation in capitalization only banks concerning which procedure of temporary administration" is applied, - is spoken in the resolution.

In the resolution also it is specified that the government will take participation in capitalization of banks with the entered temporary administration which are created in the form of open joint stock companies or are reorganized into joint stock company in the course of capitalization.

The question of participation of the state in capitalization of banks can be initiated by National bank, the Ministry of Finance and owners of bank.

Thus owners submit the corresponding address to the Ministry of Finance.

When the initiator is NBU, it submits the address to the Ministry of Finance.

If as the initiator the Ministry of Finance or owners of bank acts, they address in NBU for obtaining the offer.

In the resolution also it is specified that the state can take part in capitalization of banks only on condition that to it carries over 50% + 1 bank share.

As it was reported, earlier the prime minister - the minister Yulia Timoshenko reported that this order is coordinated by Cabinet of Ministers with National bank, and also with World bank, the European bank of reconstruction and development, the International Monetary Fund and expressed confidence that its realization will allow to return to banks working capacity, ability to credit real sector of economy and to return all necessary deposit deposits to natural persons and businessmen.

The European bank of reconstruction and development intends to allocate 500 million euros for recapitalization of the Ukrainian banks.

The deputy head of National bank Alexander Savchenko considers as a priority problem of NBU activization of process of recapitalization of banks instead of strengthening of refinancing of financial establishments.


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