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World Bank official voices support for toxic asset bank creation
Journal Staff Report

KIEV, March 18 – The World Bank believes that an ad-hoc structure or a mechanism for working with the bad assets of three banks recapitalized by the state could be created for a short-term period in Ukraine, said Marius Vismantas, the World Bank's coordinator of activities of the finance and enterprise sector in Ukraine, Belarus and Moldova.

He said that the purging of the banks' balance sheets of bad credits is often used in deals on the privatization of banks all over the world.




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