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State to spend UAH7.5 billion on Rodovid Bank recapitalization
Journal Staff Report

KIEV, Feb. 10 – The state will recapitalize Rodovid Bank by UAH 7.5 billion to ensure the transfer of deposits of individuals from the troubled Nadra Bank to Rodovid Bank), reads joint resolution of the Ukrainian cabinet and the National Bank of Ukraine No. 1430 of December 23 posted on the cabinet's Web site on Wednesday.

"The Finance Ministry jointly with the NBU are to ensure the signing of an agreement on cooperation between OJSC Nadra Bank and public JSC Rodovid Bank during the transfer of Nadra Bank's commitments on individuals' deposits and assets to Rodovid Bank," reads the document.




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