Kommersant: Hypobank promise problem
Sep 30th, 2009 | By admin | Category: Main NewsNational Bank decided to impose temporary administrators in East European Bank and Hypobank. Both banks are controlled by members of the NBU council: the first - Mikhail Goncharov, second - Vasyl Horbal. Administrator Hypobank appointed ex-deputy president Ukrinbank Yuri Vlasenko, East European bank - a former board member Energobank Andrew Zagorodnii.
Banks do not comply with standards for a long time, and no prospects for improvement, so decided to sanitizing and understand the situation, - said one member of the Board of the NBU.
According to NBU, July 1, Hypobank occupies 64 th place on assets (UAH 1.97 billion) in equity 212.8 million UAH. Its largest shareholder - Ukrainian Insurance Group Life (9.9255% of the shares directly). East European Bank held 79 th place on assets (UAH 1.08 billion) from 81.7 million UAH of capital, shareholder - STDK-Finance (15.2766%).
Executive Director of the National Bank of Ukraine on banking regulation and supervision of Basil Pasichnyk told that a regulator can do Hypobank sanation bank, which will deal with the collection of problem debts other lending institutions.
It has long been talk about how you can make such a bank. Probably Hypobank is best suited to specialized tasks, - he said. According to one banker, which is why NBU invited Hypobank Yuri Vlasenko, who has long suggested that the mechanism of the project. Perhaps this man is best able to realize reformatting the bank, - said chairman Hypobank Oleg Drozhzhin. Vasyl Horbal declined to comment on initiatives of the NBU, saying that with him they were not discussed. Another of his agency - Ukrgasbank - in July was to recapitalize the Cabinet.
As explained in the NBU, in the case of a successful administrator (a moratorium on satisfaction of creditors' claims put on three months) capital Hypobank will be reduced for example Rodovid Bank and Kiev. Among the financing options Hypobank to perform its functions - issuing National Bank subordinated loan, which will increase regulatory capital, and the inclusion of a bank in the structure of the NBU.
At a certain period it may be a specialized unit of the National Bank, - said the source. In NBU believe that, because the Cabinet of Ministers could not decide on the reorganization Ukrprombank, part of this work may subsequently perform Hypobank. The Board will turn to the Cabinet with a proposal to solve the problem Ukrprombank today agree that with Vladimir Stelmakh (NBU head, which is now out of the vacation .- Ed .),- the source said.
experts consider the idea of creating sanation Bank timely. This arrangement worked well in Europe and will certainly be welcomed by experts from the IMF. In addition to control a small bank will be easy, - convinced the vice-president of investment banking department at Maxim IC Dragon Capital Nefodov. But the NBU will be difficult to avoid problems with the implementation of the idea. Distressed debt - this is great opportunity for the bank. Some debts can be taken on balance, while others - not, - says Max Nefodov .- And who knows how to be governed by one bank, while the others carried out by other standards.
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