National Bank proposes to allocate 28 billion budget funds for bank recapitalization
National Bank of Ukraine (NBU) proposes to allocate UAH 28 billion of budget funds for recapitalization and nationalization of banks.
According to a source in the financial market, a plan was voiced at the meeting with representatives of the leadership of the National Bank largest banks.
“The National Bank provided in the budget UAH 28 billion to recapitalize banks, including the possible nationalization, provided more than 2.5 billion to replenish the Deposit Insurance Fund” – said our source.
It was reported that a working version of the draft budget for 2015 provides for the transfer of the NBU in the state budget income of at least 30 billion not later than 11 May.
In addition, according to the financier, the bankers at the meeting exchanged views on exchange trends expected that in the short term market rate will be close to the level of 18 USD / $ 1, because such a course willing to sell the currency exporters.
The head of the NBU Valery Hontaryeva, he said, indicated that the exchange rate on the interbank market, as well as the gray and black markets calms down, but acknowledged that the legislators course next year will be exporting: trade balance for the next year is expected scarce.
In addition, he said, bankers actively discussed the idea of restructuring of foreign currency loans: a unified position to the regulator and commercial banks do not.
First Deputy Chairman of the NBU Alexander Pisaruk said a lot of pressure on NGOs central bank is willing to compromise.
“Banks are invited to agree to a 50% discount on foreign currency loans in loans re hryvnia. Most banks were of the view that this provision shall not exceed 30% and suggested using the formula Pynsenyk (Victor Pynzenyk – former Minister of Finance – IF), in which the loss is divided into three parts equally between the state, the borrower and the banking system “, – said our source.
In addition, he said, the regulator told banks to equalize the situation in the banking system taking into account losses in the loan portfolio in the Crimea and eastern Ukraine will lower the mechanism used for a certain period – this option agreed with the International Monetary Fund.
Financier also said that during the meeting V.Hontaryeva suggested that the weakening of the hryvnia on the interbank market last week due to the collapse of the ruble in Russia: the trade turnover between Ukraine and Russia is significant.
…
leave a reply: