KIEV, Aug. 6 – Additional requirements by the National Bank of Ukraine on capital increases should be applied to all banks that break the set requirements, irrespective of their size, according to the representative of the International Monetary Fund in Ukraine, Max Alier.
"Additional requirements, including recapitalization, should apply to banks that break the requirements of banking law, irrespective of the banks' size. In addition, the regulator should give a reasonable amount of time for the additional capitalization of troubled banks," reads a posting on the Web site of the Association of Ukraine Banks.
The report says that the permanent IMF representative in Ukraine was commenting on NBU resolution No. 273, which bans banks with regulatory capital of less than UAH 120 million from increasing their deposit portfolio of individuals: the NBU obliged all banks to form regulatory capital of at least UAH 120 million by January 1, 2012.
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