Nationalise Prominvest, says Ukraine leader's office

10:17, 17 December 2008
Ukraine
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"At the moment, there is one way to deal with this situation..."

A senior official in Ukrainian President Vitkor Yushchenko`s office called on Tuesday for the quick nationalisation of the country`s sixth largest bank -- in receivership since October.

`At the moment, there is one way to deal with this situation -- the rapid nationalisation of Prominvestbank ... using the mechanism set down in the anti-crisis legislation,` Roman Zhukovsky said in a statement on the presidential Website.

Prominvestbank`s receiver on Tuesday said the central bank had decided that the bank should be recapitalised with the participation of the government. Shareholders at the same time signed an agreement with Russia`s VEB for financial help.

Forbes

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