The Cabinet decapitalized Ukreximbank and Oschadbank at 10 and 5 billion USD respectively

The Cabinet of Ministers of Ukraine adopted a decision on recapitalization of two state banks – Ukreksimbank by almost 10 billion UAH Oschadbank and almost 5 billion UAH, said Prime Minister of Ukraine Arseniy Yatsenyuk at a government meeting on Wednesday, January 27, Interfax-Ukraine.

«Additionally, the government submits to the authorized capital of Ukreximbank nearly 10 billion UAH and the authorized capital of Oschadbank almost 5 billion UAH», – he said.

According to the Prime Minister, this will support the stability of the two main state-owned banks, will provide lending and will contribute to the development of the Ukrainian economy.

As reported, the banks should be capitalized based on results of the 2015 stress tests. According to the draft Memorandum at the end of November 2015 according to the results of diagnosis, 18 of the 20 largest banks total need for recapitalization was determined at 156 billion USD.




The Cabinet decapitalized Ukreximbank and Oschadbank at 10 and 5 billion USD respectively 27.01.2016

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Январь 27th, 2016 by
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