NBU can prolong on August 4 of this year the moratorium in "Ukrprombank" – after publication of the law on features of measures for financial improvement of banks

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The National Bank can prolong on August 4, 2009 action of the moratorium on satisfaction of requirements of creditors and investors of "Ukrprombank" - after publication of the law on features of measures for financial improvement of banks. About it reports "A mirror of week".

We will remind, the President of Ukraine Victor Yushchenko signed the Law "About Modification of Some Acts of Ukraine concerning Features of Carrying Out Actions for Financial Improvement of Banks". The text of the law which was signed on July 24, 2009, on July 31 of this year was published on the official website of the head of state.

According to the text of this document, in the new edition articles 85 of the law "About Banks and Bank Activity" the moratorium on satisfaction of requirements of creditors of bank with temporary administration can be entered by National bank for the term of no more than three months.

However final provisions of the law No. 1617-VI contain also the norm allocating NBU right "to prolong the moratorium on satisfaction of requirements of creditors of bank in which at the time of adoption of this law the moratorium" was entered for a period of up to six months.

Period of validity of the moratorium on satisfaction of requirements of creditors and investors of "Ukrprombank" expired on July 21. 10 days the bank is in a strange situation: the decision on its further destiny isn't made, and there are no serious obstacles for judicial performers who can block corresponding accounts and operating activities.

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