KIEV, April 12 - Bank Khreschatyk (Kiev), in which temporary administration was introduced on April 5, needed to radically change its business model, the deputy head of the National Bank of Ukraine, Yekateryna Rozhkova, said.

"The first thing we saw that fundamental changes throughout the bank's business model were required. It was to attract deposits from the population and public utilities and finance persons related to the bank's shareholders. The bank did not provided lending to individuals though positioned itself as a bank for Kiev residents. The NBU has been demanding the bank review its business model and cover risks with additional capital for more than a year," Rozhkova wrote in the article in the Ekonomichna Pravda (Economic Truth) edition.