The national Bank of Ukraine (NBU) has restricted the work of the six banks that did not fulfill the requirement on capital increase to 200 million UAH. This broadcast radio News said the Deputy Chairman of the national Bank Ekaterina Rozhkova, reports UKRINFORM.
“Six banks have not complied with capital adequacy requirements, we work with them. They are now working in the mode of limitations. All these banks have got money, but we have a lot of questions to the origin of the funds,” said Rozhkov.
She also noted that now there is a check of these funds.
Earlier, Rozhkova said that the results of the diagnostic survey of small banks, only four are in need of recapitalisation in the total amount of 143.1 million.
NBU decree of 4 February 2016, found that by 11 January 2017, banks are required to increase the authorized capital up to UAH 300 million. At the same time by the resolution of April 7, 2016 national Bank has softened the previously set schedule of capitalization, in particular, the requirements for banks to increase until January 11, 2017 authorized capital to 300 million obliged them to increase the minimum size of the authorized capital up to UAH 200 million by mid-2017. Then mid-2018, the authorized capital of banks should be increased to at least UAH 300 million, until mid-2019, – up to UAH 400 million, until mid-2020 – 450 million, by mid-2024 – up to UAH 500 million.