Банки

According to an EBRD statement, the European Bank of Reconstruction and Development intends to invest up to EUR 20 mln into Megabank’s equity and long-term senior loan. The purpose of this investment is “to support bank’s capital and liquidity positions”.

The National Bank Ukraine (NBU) has revoked Prichornomorya Bank’s license and started the bank’s liquidation process. Prychonomorya becomes the first Ukrainian bank since the beginning of the crisis to fall victim to an NBU decision to liquidate.

According to a statement from IFC, the Board of Directors of IFC is going to consider the allocation of USD 20 mln to Megabank [MEGA UZ U/R] on May 22, 2009. USD 10 mln would be provided under a 3-year convertible loan, and the other half as a 7-year subordinated loan.

The Ukrainian parliament has imposed a moratorium on the alienation of mortgaged real estate, if the property is the place where the owners permanently live. The moratorium comes into force from the day it is published and is valid until the end of the economic crisis, a point which should be determined by a separate parliamentary decision.

Ukreximbank has received a USD 250 mln 10-year subordinated loan from EBRD. The main purpose of this loan is to support the continued funding of Ukraine’s real economy by one of the country’s leading financial institutions, said an EBRD statement.

The National Bank of Ukraine issued Statement 282, which cancels the grounds upon which banks could refuse to allow early withdrawals by clients. However, the situation remains uncertain since NBU Board Governor Volodymir Stelmakh has commented that moratorium still is in effect, RBC says.

Yesterday the Ukrainian government announced that it had changed the bank recapitalization rules. In particular, the new version of the statement increases the minimum threshold to a 60%+1 stake from 50%+1.

The National Bank of Ukraine announced its preliminary aggregated data concerning the performance of the Ukrainian banking system in April.

According to a press release Ukrsotsbank[USCB UZ, U/R] has increased its statutory capital by UAH 200 mln to UAH 1.27 bln. The bank issued 2 bln shares, each with a par value of UAH 0.1. Shares were sold at a price of UAH 0.25, therefore the bank’s equity was increased by UAH 500 mln to UAH 5.75 bln.

Ukrainian banks are beginning to post their 1Q2009 results. The aggregated net loss of the Ukrainian banking system reached UAH 7 bln and most of the banks are disclosing losses stemming from high provision expenses, but some of them are posting profits.