22Ukrhazbank to become candidate No. 1 for bail-out by cabinet
June17200921:26
Ukrhazbank will become the first Ukrainian commercial bank that will be bailed out by the cabinet and become state-owned, Party of Regions lawmaker and the bank’s honorary president Vasyl Horbal told journalists in Verkhovna Rada. I can definitely confirm that Ukrhazbank will be the first bank to undergo recapitalization. We are different from other commercial banks in that we didn’t suspend payments of deposits and continue to function normally,” he added.He also informed that the bank is working according to the bail-out schedule and has submitted information about its stock issue to the commission on securities, revised its statute, replaced bank seals, submitted documents to the Anti-Monopoly Committee and publicized the report on increasing the bank’s statutory capital.
The bank accelerated its preparations for the bail-out, and the Finance Ministry can be registered as owner of its stock already on July 1-3, Horbal said.
It is not known, Horbal continued, whom the government will appoint to head the bank. He did not rule out that the bank will be run by a board of independent directors.
PrintComments
News
19March 2010
18March 2010
17March 2010
16March 2010
15March 2010
13March 2010
22January 2010
01January 2010
30December 2009
28December 2009
22December 2009
Top-5
- 19.03.2010Kremlin wants concessions from Ukraine in gas talks
- 19.03.2010Russia to cut gas prices for Ukraine or to risk losing profits in Europe, Bohdan Sokolovsky says
- 18.03.2010Ukraine’s recession’s main lesson: Beware of crowd-pleasing politicians, says Viktor Pynzenyk
- 18.03.2010Too many conductors in Azarov’s orchestra, Viktor Pynzenyk says
zmolo.com