Banking

The National Bank of Ukraine (NBU) has taken Nadra Bank, ranked 9th in Ukraine by assets, under temporary administration.

The National Bank of Ukraine (NBU) has stated that it is prepared to withdraw Prominvestbank from its provisional administration in the near future.

The National Bank of Ukraine (NBU) has announced that it will allow commercial banks to provide the restructuring of loans attracted by individuals, taking into account the financial state of the borrowers, and to raise the category by one level for restructured loan transactions with those borrowers who are able to confirm their ability to repay their loans and are registered as good.

The share of bad loans in the overall amount of loans provided by Ukrainian banks in 2008 climbed by 0.96 percentage points, to 2.27% by January 1, 2009.

Nadra Bank is set to increase its statutory capital by UAH 1,400 million to UAH 1,790,362,660 or by 358% via additional issue of shares, reads the bank's statement.

The shareholders meeting of Rodovid Bank [RODB UZ, N/R] – the 19th biggest bank in Ukraine in terms of assets – decided to increase the bank’s statutory fund 161% by UAH 700 mln (USD 90.9 mln) to UAH 1.135 bln (USD 147.4 mln).

The Austria-based Slav AG Company and Russia's Vnesheconombank were expected to transfer UAH 1.1 bln to PromInvestBank by the end of December 30, according to Interfax-Ukraine.

According to Interfax, at a meeting on Saturday, the Ukrainian Cabinet of Ministers took a decision barring banks from confiscating the apartments of citizens that were bought under loan agreements with banks if, at least, the amount covering the interest on those loans is repaid.

The National Bank of Ukraine (NBU) has increased the reserve requirements for foreign currency deposits as of January,5, with this change being outlined in resolution #442. The norm of the reserve has increased from 3% to 4% for deposits with a fixed period and from 4% to 7% for callable deposits. The norm of the reserve for UAH deposits was not changed.

The NBU is restricting currency loans for borrowers who don’t have an income set in foreign currency, which mainly applies to consumer and mortgage loans, according to the National Bank order No. 406 issued on December 1 and registered by the Justice Ministry on December 17, which comes into effect on December 28.