Bank Finance and Credit Continues Negotiations on Recapitalization
OREANDA-NEWS. May 25, 2009. According to the Chairman of the Board of the Bank Finance and Credit Vladimir Hlyvniuk, negotiations with the Government concerning procedure and conditions of state occurrence in the Bank authorized capital proceed. "The Bank position is concluded to the previous example of the largest Bank groups of the world, on its basis we would like, that the agreement about recapitalization which will probably be subscribed, has as much as possible transparent and constructive character".
"On the example of recapitalization of Bank groups - "Citygroup" , "Royalscotlandbank" or "Bank of America" we saw the transparent, civilized approach to recapitalization where the conditions thoroughly outlined", - Vladimir Hlyvnjuk mentioned, having noticed that negotiations of the Bank owners with the government proceed against Bank consultations with western investors.
"The new decree introduced some corrective amendments to the process of negotiations, therefore negotiations with the western investors already pass not of the share (14 % - edit.) in the Bank authorized capital, but about the occurrence, technology of management and how it is possible to leave this process" - explained V. Hlyvniuk.
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