Ukraine may nationalize banks with Russian hospitalon – Gontareva

Ukraine may nationalize the banks with Russian state capital, however, the regulator will impose sanctions upon the relevant decision of the Council of national security and defense Council (NSDC), said the head of the National Bank of Ukraine (NBU) Valeria Gontareva during a speech in Parliament on Friday, 5 February.

«Today there (in banks with Russian hospitalon – ed.) is a 26 billion USD in the accounts of our commercial clients, 22 billion UAH — this is the account of our individuals. If somebody is going to pay 50 billion USD to ensure that we could cover our Ukrainian clients… These tools are there (in banks with Russian capital – ed.)… We can’t nationalize 15% of our banking system. But if the decision of the Council, we will implement it», — said Gontareva, reports «Interfax-Ukraine».

According to Gontareva, the subsidiary banks of the Russian state banks in Ukraine are the curators of the National Bank.

«We have three banks with Russian state capital, these banks are always under special attention of the Central Bank of our country, so there are our curators», — she said, UNIAN reports.

Gontareva noted that these banks passed the first stress test by the end of 2014 and spent the recapitalization, banks also passed the second stress test and signed the program of recapitalization.

As reported, September 16, 2015 the President of Ukraine Petro Poroshenko has signed a decree, which approved the decision of the Council of national security and defense dated 2 September 2015 «On the use of personal special economic and other restrictive measures (sanctions)». Sanctions are imposed for a period of one year. Restrictive measures affect more than 400 individuals and more than 90 legal entities of the Russian Federation and other countries involved in the annexation of Crimea and aggression in the Donbas.

In accordance with this decision, the NBU has required banks to provide information about the presence of Bank accounts and balances on them in relation to 388 individuals and 105 legal entities for the implementation of the NSDC decision, and developed the procedure for the implementation by banks of sanctions and monitoring their implementation, including the freezing of assets, suspension of performance of economic and financial obligations, a ban on the establishment of business contacts, the suspension of performance of economic and financial obligations (prohibition to provide loans, loans, financial assistance, guarantees; prohibition to issue credit through the purchase of securities; prohibition of acquisition of securities), and also prevention of outflow of capital outside Ukraine.




Ukraine may nationalize banks with Russian hospitalon – Gontareva 05.02.2016

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