Kyiv, Dec. 16 (Interfax-Ukraine) – Ukraine's Cabinet of Ministers will receive a plan for Prominvestbank's (PIB, Kyiv) capital accumulation before the New Year, the bank's temporary administrator, Volodymyr Krotiuk, said at a press conference on Tuesday.
According to him, the analysis of the bank has been completed. On its basis, a plan of its financial recovery is being developed involving funds of the government, the European Bank of Reconstruction and Development and the International Finance Corporation.
The head of temporary administration also noted that the National Bank of Ukraine refused to implement the previous plan for PIB’s financial recovery, because obligations were not met by the potential investors.
According to him, the NBU may reconsider the financial recovery plan using investors’ funds if they transfer significant funds to the bank to support its liquidity. It is necessary to reserve UAH 900 million for PIB’s statutory capital and allocate another UAH 4.4 billion in funds, he said.
Official exchange rate for December 16 is UAH 7.6538/$1.
