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Tymoshenko: Recapitalization of Ukrainian Banks Could Start Next Week
20 February 2009
Published in Kyiv Post
The Ukrainian Cabinet of Ministers, along with the World Bank (WB), the European Bank for Reconstruction and Development (EBRD), the International Monetary Fund (IMF) and the National Bank of Ukraine (NBU), has drafted a resolution on a scheme to recapitalize commercial banks, according to Premier Yulia Tymoshenko.
"Along with the World Bank, the EBRD, the IMF and the NBU, we have drafted today a resolution by the government on a scheme to recapitalize commercial banks, taking into account, using this recapitalization, the purchase of some shares at national private commercial banks in order to cover the losses of the banks," she said while opening a government meeting on Wednesday.
Tymoshenko said that this would help the country's banking system "return to stable work."
The Ukrainian Cabinet of Ministers, along with the World Bank (WB), the European Bank for Reconstruction and Development (EBRD), the International Monetary Fund (IMF) and the National Bank of Ukraine (NBU), has drafted a resolution on a scheme to recapitalize commercial banks, according to Premier Yulia Tymoshenko.
"Along with the World Bank, the EBRD, the IMF and the NBU, we have drafted today a resolution by the government on a scheme to recapitalize commercial banks, taking into account, using this recapitalization, the purchase of some shares at national private commercial banks in order to cover the losses of the banks," she said while opening a government meeting on Wednesday.
Tymoshenko said that this would help the country's banking system "return to stable work."
"This important document will help us start
recapitalizing the national banking system next
week," she said.The Ukrainian Cabinet of Ministers,
along with the World Bank (WB), the European Bank
for Reconstruction and Development (EBRD), the
International Monetary Fund (IMF) and the National
Bank of Ukraine (NBU), has drafted a resolution on
a scheme to recapitalize commercial banks,
according to Premier Yulia Tymoshenko.
"Along with the World Bank, the EBRD, the IMF and the NBU, we have drafted today a resolution by the government on a scheme to recapitalize commercial banks, taking into account, using this recapitalization, the purchase of some shares at national private commercial banks in order to cover the losses of the banks," she said while opening a government meeting on Wednesday.
Tymoshenko said that this would help the country's banking system "return to stable work."
"This important document will help us start recapitalizing the national banking system next week," she said.
"Along with the World Bank, the EBRD, the IMF and the NBU, we have drafted today a resolution by the government on a scheme to recapitalize commercial banks, taking into account, using this recapitalization, the purchase of some shares at national private commercial banks in order to cover the losses of the banks," she said while opening a government meeting on Wednesday.
Tymoshenko said that this would help the country's banking system "return to stable work."
"This important document will help us start recapitalizing the national banking system next week," she said.