OREANDA-NEWS. On April 06, 2009 The Government and the National Bank of Ukraine have approved a joint ordinance to improve an order of recapitalization of the commercial banks by Government, those that suffered from the global financial crunch. The Prime Minister of Ukraine Yulia Tymoshenko announced to the media conference.

“In fact, it is purchase by the Government of control stock from these banks,” Yulia Tymoshenko elucidated.

The Premier continued nowadays certain commercial banks ceased to pay deposits to their depositors, which can lead to ruining of the whole banking system. That’s why, as the PM put it, the Government will consider a possibility to buy the full controlling interest of the banks that halted payments or were robbed by their owners: “After promulgation of the endorsed resolution the Government will have every chance to buy such banks and protect population from such private owners”.

Yulia Tymoshenko noted it is ahead of time to say which banks it will concern and in which terms they will be recast by the state: “We shall study the situation and select the banks where most of depositors suffered, where most of the deposits suffered and those with largest number of clients”.