The Government of Ukraine along with the National Bank of Ukraine, the World Bank, the European Bank for Reconstruction and Development and the International Monetary Fund drafted an order of the recapitalization of state owned and private Ukrainian banks. A corresponding decision will be approved at the Government’s sitting today. Prime Minister of Ukraine Yulia Tymoshenko stated, opening the Cabinet of Ministers’ sitting on Wednesday, Government portal informed. 

“We have worked out the order of recapitalization of commercial banks by the Government. Due to this recapitalization a part of shares of the domestic private commercial banks will be taken up,” the Prime Minister said, stressing that this order would enable the banks to credit the real sector of economy and return the deposits to natural persons and legal entities. “Our task is to resume the capitals of banks, to make the banks strong and efficient,” Yulia Tymoshenko stated.

The Prime Minister reminded that during the talks with the President of the European Bank for Reconstruction and Development they had agreed about the EBRD’s allocation of 0.5bn euros to replenish the statutory capitals of national banks. “It is a very good sign, it means that the world financial organizations trust in Ukraine, invest in Ukraine,” Yulia Tymoshenko underscored.

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