KIEV, April 15 – Systemic banks where temporary administration by the National Bank of Ukraine has been introduced are to receive budget funds to increase their statutory capital, Prime Minister Yulia Tymoshenko said at a briefing on Tuesday.
Ukraine plans to allocate UAH 44 billion ($5.7 billion or about 2-3% of GDP) for the recapitalization of the top-ranking banks.
"The banks would increase their capital using government funds... This concerns systemic banks of the first category," she said.
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