Ukraine funnels UAH 250 bln into capitalization of state banks since 1991

Ukraine's Finance Ministry said it would regularly publish reports on state banks' performance every three and six months.

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Ukraine has funneled UAH 250 billion since its independence into capitalization of state banks accounting for over 50% of all banks in Ukraine.

This was reported on the website of Ukraine's Finance Ministry, which announced it would regularly publish reports on the main indicators of state banks.

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Such reports will also highlight how the banks implement approved strategies and handle toxic assets.

These will be quarterly and semi-annual reports.

The ministry also said that the format of the new reporting would be announced before September 1, and the first extended report will be released on November 1.

UNIAN memo. The state owns four largest banks in terms of assets through the Ministry of Finance. There are PrivatBank, Ukreximbank, Oschadbank, and Ukrgasbank.

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