KIEV, March 4 – Ukraine plans to reorganize troubled Rodovid Bank into a bank for non-performing assets, reads a draft memorandum by the Ukrainian authorities to the International Monetary Fund, which was drawn up for the second review of the Stand-By Arrangement.

"As for Rodovid Bank, we decided to transfer all deposits jointly with assets comparable in volume that entered the bank in the form of state recapitalization bonds to another state-run bank," reads a document published in the Dzerkalo Tyzhnia. Ukraine (Mirror Weekly) newspaper.