09.12.2008, 16:53
NBU Dismissed Moratorium on Premature Deposit Withdrawal from Banks
OREANDA-NEWS On 09 December was announced, that the NBU dismissed the Moratorium on premature deposit withdrawal from commercial banks, explaining this by the inability of the Moratorium to stop deposit withdrawal in October-November 2008. At the same time the NBU toughened the requirements of the banks' capitalization. Commercial banks are to recalculate the real value of their capital and, in the case of undercapitalization, to submit plans for capital enlargement by 15 December. Otherwise, the NBU will impose its acting administration on the bank or take other strict measures. Also, the NBU required banks to reduce the time gaps between their loans and deposit base. While the regulator refused to refinance the banks in the case of a more than 2% drop of their deposits within last five days.
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