PM Tymoshenko to Summon Council on Recapitalization of Banks
OREANDA-NEWS. On April 15, 2009 The first sitting of the Council on recapitalization of the banking system is to be summoned during which a list of problem commercial banks of Ukraine subject to recapitalization is to be defined. The Prime Minister Yulia Tymoshenko informed on Wednesday on opening the Government’s session.
“This evening we will firstly summon the Council on recapitalization of banks just to determine the list of banks that will get under protection of the Government and respectively the people keeping deposits in these banks will get under protection of the Government,” Yulia Tymoshenko clarified.
The Premier reminded the Gov’t had adopted a decision to allocate funds from the State Budget to fill statutory capitals of the system banks of the first group which suffered most from the global financial crisis.
Besides, Yulia Tymoshenko noted the Government is taking bail-out measures on a daily basis: “Every day activity into realization of anti-crisis is held, every day we solve issues how to set certain economic branches on their feet and all these measures yield positive results”.
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