Ukraine's Finance Ministry sets up tender to choose banks for placing $209.6 mln worth of budget funds

As reported, banks' bids are accepted until 15:00 on Thursday, September 22, and will be considered no later than September 27.

Read alsoUkraine's Finance Ministry borrows almost UAH 650 mln in domestic marketThe ministry noted that budgetary funds could be placed in the accounts of the National Bank and banks with authorized capital exceeding UAH 10 billion ($381 million) provided that those banks comply with regulations and timely fulfill obligations to customers, and that measures of influence have not been applied to such banks in the past year.

Read alsoReuters: Ukraine eases short-term debt burden with $1.5 bln debt swapIn addition, when placing budget funds in the accounts, the banks are required to hold for the corresponding period the domestic government loan bonds worth no less than 120% of the placed funds at book value.

As UNIAN reported earlier, the balance of funds in the single account of the State Treasury Service of Ukraine amounted to UAH 61.151 billion ($2.3 billion), as of September 1, 2017, which was the maximum indicator since the beginning of 2003.