>

NBU has forbidden unprofitable banks provide blank credit and buy shares

Jul 28th, 2009 | By admin | Category: Main News

National Bank of Ukraine (NBU) has forbidden the banks with losses, provide blank credit, to carry out active operations with insiders in the provision of new loans and guarantees, repurchase shares and to purchase non-securities on their behalf.

The rules set out the decision of the NBU № 421 from July 22, On certain questions concerning the activities of banks in the financial and economic crisis.

According to the decree, profitable banks are also prohibited in advance to pay off its debt securities, unless they are repaid at a price below the 50% redemption premium and such does not lead to a significant deterioration in the liquidity of banks.

In addition, the National Bank ordered the government to stop the banks from losses paid dividends to shareholders or the allocation of capital in any other way, to stop payment of bonuses, premiums and other fees the bank.

In doing so, managers of unprofitable banks in the case of an obligation to allocate funds to the sponsorship of three days to inform the directorate of banking regulation and supervision, not to increase the volume of capital investments and intangible assets that do not implement the expenditure of financial advisory services, as well as not to open new branches and office.

Ordinance shall take effect from the date of signing and is valid until the adoption of the National Bank of Ukraine alone solution, - says the paper.

As at 1 April 2009 in Ukraine was 41 unprofitable bank.

Recommendations for VTB shares and futures on RTS index
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Prior to 2015, North-West IDC send for the construction and reconstruction of networks in Arkhangelsk 19.206 billion rubles
Automobile GAZ back to the five-day working week
Pair EUR /USD is slowly but surely continued her way up
Asian markets continue to rise along with the index MSCI Asia Pacific Index
Asia: markets do not even think a rest from the long rally
The course has increased the dollar - a daily review of the cash markets
NBU has tightened access to bank currency intervention control

Leave Comment

You must be logged in to post a comment.