The Cabinet of Ministers of Ukraine has decided to additionally capitalize two state-owned banks – Ukreximbank by almost Hr 10 billion and Oschadbank by almost Hr 5 billion, Ukrainian Prime Minister Arseniy Yatseniuk said at a cabinet meeting on Jan. 27.
“The government additionally sends almost Hr 10 billion to the
charter capital of Ukreximbank and almost Hr 5 billion to the charter
capital of Oschadbank,” he said.
The prime minister said that this would support stability of the two
key state-owned banks, provide for crediting and development of the
Ukrainian economy.
As reported, banks are to be additionally capitalized after stress
tests conducted in 2015. According to a draft memorandum as of late
November 2015 after conducting stress tests of 18 out of 20 largest
banks the total need in their additional capitalization was Hr 156
billion.
