Managing Director of the European Bank for Reconstruction and Development (EBRD) for Eastern Europe and the Caucasus Francis Malige says Ukraine has invested $15.5 billion to prop up its state owned banks since 2008, without taking into account the cost of the failed banks that were transferred to the Deposit Guarantee Fund.
“Since 2008, Ukraine has invested $15.5 billion to prop up its state-owned banks. That does not even count the cost of the failed banks that were transferred to the Deposit Guarantee Fund,” he wrote on Facebook, commenting on another failure of the parliament to vote for a bill on improving corporate governance in state-owned banks.
