Banks ask the state additional billions

Written by admin on September 22nd, 2009

After two months of work Rodovid Bank, Bank Kiev and Ukrgasbank under the state wing, it became clear that government allocated 9.5 billion hryvnia in their financial improvement is not enough.

So, yesterday, the chairman of board of bank Kiev Yuri Maslov said that the bank needed an additional 1,5 billion hryvnia. The bank is now in a position doformirovaniya reserves. We think that the bank needs additional capitalization, after this amount is estimated at 1.5 billion hryvnia, - he said. Recall that in July, the government invested in the bank's capital Kyiv 3,6 billion hryvnia.

earlier with a similar request to the Finance Ministry has asked executives Rodovid Bank, in the capital of which Cabinet has already started more than 2,8 billion hryvnia. True, Rodovid Bank has requested a little less Kiev - 1 billion hryvnia. Reason needs dokapitalizatsii same - doformirovaniya need in allowances for bad loans.

third of the government to recapitalize the bank - UkrGasBank, which received from the Government of 3,1 billion hryvnia, could also ask additive. According to the press-service bank, currently the international auditing company PricewaterhouseCoopers conducts financial analysis Ukrgazbanka and determine the amount necessary to dokapitalizatsii financial institution.

The Finance Ministry said that the banks will allocate the requested amount, only if it is a good reason. The position of the Ministry of Finance is that, if proven necessary, documented and substantiated by any of the recapitalized banks, including on Kiev , the state is ready to apply all the necessary tools, including a capital increase, - said Director of the Ministry of Finance on state participation in the capitalization of banks Taimur Bagirov.

As for specific figures on the bank Kiev, you still Teimour Bagirov not want them to comment, citing the fact that an official request to dokapitalizatsiyu bank he had not yetreceived.

request additional funds to recapitalize the banks may not only from a bad life. Banks, using the fact that they are public, may ask for money, just in case that they had good liquidity so they can invest in Government Bonds, which provide 23% of revenue today, - believes the analyst of investment company the Concorde the Capital Andrew Gerus .

So, for example, Rodovid Bank and UkrGasBank received from the recapitalization funds invest in bonds of domestic government debt market. Rodovid Bank and UkrGasBank become primary dealers Ministry of Finance. It turns out that they are taking on additional responsibilities for the government securities market, which needs additional liquidity, - explains the head of operations in the stock market of a major bank with foreign capital.


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