Ukraine's Ministry of Finance has completed the fourth stage of capitalization of the nationalized PrivatBank by issuing domestic government loan bonds worth UAH 16 billion in exchange for shares of the financial institution.
The National Bank of Ukraine (NBU) has allowed two citizens of the People's Republic of China, Yan Dongcheng and Dai Zhongyong, to buy 99.9% of charter capital in the Ukrainian Bank for Reconstruction and Development (UBRD) through indirect major shareholding, according to the NBU website.
Russian state-owned Vneshtorgbank (VTB) has decided on additional capitalization of its Ukrainian-based subsidiary VTB Bank and will inject UAH 2.592 billion, or $97.5 million, through the placement of the subsidiary's additional shares, according to the Russian bank's announcement in the corporate information disclosure system.
Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova says that six small-sized Ukrainian banks operate in a limited mode due to the regulator's verification of the sources of capital used for additional capitalization to up to UAH 200 million, or US$7.5 million.
Nationalized PrivatBank's supervisory board on July 18 selected McKinsey&Company on a competitive basis to develop the bank's strategy, according to PrivatBank's press service.
There were 36 banks in Ukraine as of April 1 that need to boost their charter capital by July 11, 2017, to the required minimum set at UAH 200 million, or US$7.55 million, according to the National Bank of Ukraine (NBU).