Банки

Privatbank – the largest bank in Ukraine in terms of assets – recently announced that the bank is going to increase its statutory fund by 37.5% or by UAH 2.126 bln.

According to a statement issued by Ukrgazbank [UGZB, U/R], the agenda of the bank’s EGM, which is going to be held on March 13, contains the issue about the necessity of requesting state support.

At its EGM on March 3, shareholders of Ukrsotsbank [USCB UZ, U/R] decided to increase the bank’s statutory fund by UAH 200 mln.

During the EGM held on February 26, the decision about the necessity of the state’s participation in the capital increase of Rodovid Bank [RODB UZ, N/R] was made.

According to the National Bank of Ukraine (NBU), the share of bad loans in Ukraine increased by 17 b.p. to 2.44% in January.

The National Bank of Ukraine’s Acting Head, Anatoliy Shapovalov, announced that, on February 27, the Board of the NBU is going to discuss the issue of providing state capital to Ukrainian banks.

The National Bank of Ukraine’s Acting Head, Anatoliy Shapovalov, announced that the NBU and bankers have reached a pre-agreement about an arrangement that will allow borrowers to repay their foreign exchange loans according to the NBU’s intervention exchange rate (7.9 USD/UAH), which is now significantly lower than the interbank rate (8.9 USD/UAH) or the cash exchange rate at banks, according to which borrowers buy USD to repay their foreign exchange debts to banks.

According to an announcement made by Kredobank [ZUKB UZ, U/R], the bank is going to increase its statutory capital by UAH 1.024 bln, bringing it up from UAH 526.8 mln to UAH 1.55 bln through an additional share issue that is scheduled to take place on April 2-23, 2009. The bank plans to place 102.41 bln shares, each having a UAH 0,01 par value.

The owners of Rodovid Bank [RODB UZ, U/R] are going to discuss the issue concerning the necessity of asking for state support at its EGM scheduled on February 26, according to information published by Interfax-Ukraine.

Ukraine’s First Vice Minister Oleksandr Turchynov announced that the Cabinet of Ministers has released a new resolution about the state’s participation in the recapitalization of banks.