Govt of Ukraine to Elaborate Program of Banking System Stabilization
OREANDA-NEWS. On March 31, 2009 Yulia Tymoshenko, the Prime Minister of Ukraine, announced an intention of the Government to purchase stocks of several commercial banks targeting increase of their capital and returning deposits to the depositors. She imparted on air of the Svoboda Slova (Freedom of Speech) program on ICTV channel.
According to the Premier, during the two weeks the Government will devise and include into the bail-out package of draft laws a program on purchase of commercial banks into the state property and their further support through increase of the capital and returning deposits.
“This program is rather hard for the Government… But I have a desire to try helping people who had lost their deposits in the banks that occurred in the most complicated situation,” Yulia Tymoshenko urged.
Yulia Tymoshenko noted March saw reduced flow-out of the deposits from the banks, which to her conviction is a sign of stabilization of the national banking system.
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