Ghost of money

officials promised to start paying deposits Ukrprombank in November …

Written by admin on October 12th, 2009

Contributions of physical persons and assets transferred to Ukrprombank Rodovid Bank. The decision last week was taken by the Expert Council of the Cabinet, and, in the words of Prime Minister Yulia Tymoshenko, at the next meeting of the government will be strengthened with the decision of Cabinet of Ministers. Confirmed this and the head of the National Bank Council Petro Poroshenko, who said that the transfer of investors agreed with the NBU. The only thing remaining technical work - he said.

officials are confident that the documentation of itself translate deposits and assets of natural persons has to take about a month and already in November Rodovid Bank will be able to start paying customer deposits Ukrprombank. I think this is real time - months, we really should be enough. Payment will occupy certain offices. Certainly we shall have beaten path: create a registry, the so-called electronic queue, which will be carried out and payment. For, figuratively speaking, to stand up to this turn, the investor would be sufficient to call into our call-center or register online. After that, he was given when he can get his money - told Rodovid Bank chairman Sergei Shcherbina.

According to him, before the start of payments financial institution will apply for a second capital increase at the expense of state funds: the first time it happened in July this year, when the Cabinet introduced a charter capital of state bonds amounting to UAH 2.808 billion., which earned them 99 , 97% of the bank.

At the end of July, total deposits of physical persons Ukrprombank amounted to 6.9 billion UAH. The amount of additional capitalization has not yet determined, although the experts interviewed believe that the government will have to invest in ustavnik Rodovid Bank Government Bonds at 3,5-4 billion UAH. the same pattern: after the introduction of state bonds, they will be sold to National Bank of Ukraine and converted into real money. And the remaining 2,9-3,4 billion UAH. gosfinuchrezhdeniyu have to seek throughthe sale of assets Ukrprombank. According to estimates the total amount of its liquid assets, the realization of which can realistically get incomes ranged from 3.4 billion to 6 billion UAH. The most painful issue for him is not returning the company Alpha-Nefteprodukt owning refueling ANP, loans for 5.5 billion UAH. Following the failure of the debtor to extinguish loans Ukrprombank was involved in protracted litigation.

It is possible that investment in the Cabinet Rodovid Bank will be somewhat smaller. In this case, the missing injections will be reimbursed by the National Bank refinancing. According to Sergei Shcherbina, after the decree of Cabinet of Ministers and determine the amount of capital increase Rodovid Bank intends to file with the NBU apply for funding. It will also seek to transfer the financial institution on an individual schedule for implementation of prudential regulations and purchasing foreign currency directly from the central bank.

Because Ukrprombank deposits of natural persons has been framed in SLE, and they have to pay it the same, - explained the situation, Mr. Shcherbina. The National Bank has refrained from premature promises.

is now difficult to say, whether we agree on the allocation of refinancing. You should see a decision of the Cabinet of the capitalization of the Bank Rodovid a specific amount, then we'll see what funding requests bank and that he will offer as collateral. Probably as security will be provided guarantee by the Government, but in this regard should also receive the decision of Cabinet of Ministers. It has recently been approved by the NBU № 553, according to which the provision for the refinancing of state-owned banks may act including government guarantees, - says a source in the National Bank.

Ukrprombank subsequent fate remains uncertain. Last week, Yulia Tymoshenko said that after the transfer of physical persons and assets of troubled financial institution in Rodovid Bank it will be delivered for disposal. But his temporary administrator Constantine Raevskii last Thursday said that Ukrprombank can still be retained. He recalled appearing on the same day a decree of the President's support for troubled financial establishments: they were, inter alia, provides for a ban on travel abroad bank debtors who refuse to put out loans, and bringing the Prosecutor General to recover the loan debt.

The effect of this decree is aimed at that end of the year to enable, in particular, Ukrprombank pay its debts with investors-physical persons, - said Mr. Rajewski. He also said that part of the funds for payment of deposits to the population in case of preserving life Ukrprombank can be found from the sale of 80% of its branch network. According to the interim administrator, interest in it now takes Kiev Platinum Bank.

However, in light of recent statements by the Cabinet and the Council of the National Bank of respondents financiers little faith in the preservation Ukrprombank license. They do not doubt that almost immediately after the decision of the Cabinet and NBU to transfer its assets and deposits of physical persons in Rodovid Bank will begin preparation of a regulator on the Elimination of troubled financial institution.

Elena Lysenko

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