Kommersant: Capital loss

Written by admin on March 19th, 2010

recapitalized by the Government in June last year Ukrgasbank and Rodovid Bank yesterday issued a report in 2009. Loss Ukrgazbanka - UAH 4.42 billion - a record for the Ukrainian banking system. Mainly, he was summoned to the provisions for bad loans to 4.47 billion UAH.

"In December, we established reserves for all the possible bad loans to enter the new year with a net balance", - explained Deputy Chairman of the Board Ukrgazbanka Stanislav Shlapak. A quarter of loans - at 2.35 billion UAH - hopeless, but insiders have to 9,9% of all loans.

similar problems in Rodovid Bank: loss amounted to UAH 4.22 billion, while reserves for credit two times less - 2.41 billion UAH. Unlike Ukrgasbank, reduce administrative and operating expenses, Rodovid Bank are almost doubled - to 928 million UAH. "In December, have been adjusting entries at this time was taken into account revaluation of fixed assets", - explained the temporary administrator Rodovid Bank Sergey Shcherbina, noting and payments for rental of premises.

Reports Third nationalized bank - "Kiev" - not yet made public. Chairman of the Board of Kiev Yuri Maslov said that the loss of agency in December and rose slightly for the year totaled 2.99 billion UAH. Reserve Bank amounted to UAH 3.07 billion, of which 1.34 billion UAH - formed in the IV quarter.

By 22 January the National Bank at 11.72 billion UAH monetize bonds Internal goszayma invested capital of the new Cabinet in the state banks. Bonds still at 5.71 billion UAH were monetize NBU to Rodovid Bank paid deposits Ukrprombank.

Thus, state-owned banks have written off more than 9.5 billion UAH, invested in them Cabinet in the summer.
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Ukrgasbank and "Kiev" assure that all reserves have been established, and the current activity will enable them to profit this year. "Profits will be, but how much - depends on the future strategy of the bank, which filed for approval of the supervisory board" - said Stanislav Shlapak.

"The bank has two development programs: a minimum and maximum, - said Yuri Maslov .- In implementing the first, we use potential, inherited from the former owners of the bank and the second - will serve the larger public clients, which will make a profit. Of the new Plansf68: We are ready to working more closely with Ukrposhta. However Rodovid Bank will become profitable much later. "We have made a profit if Ukrprombank fulfill the terms of the signed contract with us and handed over the assets, - said Sergey Shcherbina .- In the case of receipt, we will be able to reach profitability by 2011, and if the National Bank of Ukraine approved the transfer to us of assets and liabilities of the bank" Nadra, by 2012.

Experts believe that the government would be difficult to recoup their losses. "In the short term, this will not happen, the money back quickly fail. In addition, after the crisis, there will be no great demand for banks by foreign groups," - noted the director of the Ukrainian representative office of the consulting company ZEB Alexander Nefedov.

"no other way to compensate for the losses of banks was not, - says President of the Ukrainian intelligence center Alexander Okhrimenko .- This situation was in America, and Europe. In this case the sale of these banks in a few years, such losses of inflation will be negligible" .

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