KIEV, March 16 – The National Bank of Ukraine has introduced a provisional administration at Kiev-based Rodovid Bank.

"From March 16, 2009, NBU introduced a provisional administration at OJSC Rodovid Bank. The introduction of provisionary administration is a precondition for the state's participation, jointly with Istil Group, in the additional capitalization of Rodovid Bank. A decision on the strategic partnership of the state and the bank was made at a general meeting of Rodovid Bank's shareholders held on Feb. 26," reads the bank statement.