Transitional Administration Ukrprombank (Kiev) has continued to make rescuing the bank, according to a press release credit and financial institutions.

At the present time, active temporary administration of the Bank in conjunction with the National Bank, Ministry of Finance, the Cabinet of Ministers of Ukraine on the issue of renovation of the bank recapitalization, restore its solvency, and the normal operating activities. Ukrprombank Transitional Administration is doing everything to complete this work as soon as possible and hoped for an understanding on the part of investors, customers and creditors of the bank , - the message.

As recalled in a press release on the decision of the Cabinet of Ministers of Ukraine, Ukrprombank included in the state program recapitalization through budgetary resources, which will restore normal functioning Ukrprombank and fulfill all obligations to the bank's depositors.

In order to prepare for the recapitalization Provisional Authority Ukrprombank undertook all the necessary steps. The size of the authorized capital of the Bank was given to the actual size of its capital, has been developed, agreed with the National Bank, and transferred to the Ministry of Finance of the individual Ukrprombank recapitalization program, which re-Bank Public Joint Stock Company in the recapitalization. Also, discussions were held with external creditors, which is the result of an agreement to restructure 95% of external debts of the bank of $ 120 million to the Ministry of Finance handed over a letter of creditors, which they express their desire and opportunity to restructure the debts Ukrprombank, subject to recapitalize its state , the report says.

As reported, in order to fulfill the preconditions for the recapitalization of the State budget for the charter capital of the bank reduced by 99.95% or UAH 1.559 billion - up to 0.836 million UAH in connection with the lowering of the net asset value by a proportionate reduction in nominal value of contributions all participants.

NBU has introduced a temporary administration in Ukrprombank from January 21, 2009. July 21, 2009 expire moratorium on satisfaction of creditors' claims the bank. As the agency Interfax-Ukraine at the National Bank of Ukraine, Tuesday, consultations of representatives of the National Bank of Ukraine, Cabinet of Ministers and Ukrprombank about the future prospects of the financial institution.

Ukrprombank founded in 1989. The largest parties in the bank's 1 April 2009 were LLC ABC (34%), OOO CB Naftovy (32%), OOO Ukrpromservis (34%).

According to the National Bank of Ukraine on 1 April 2009 to total assets Ukrprombank took 18 th place (UAH 9.83 billion) among the 182 banks operating in the country.

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