The government of Ukraine may inject more money into the additional capitalization of state-run Oschadbank. “We are discussing all of these issues with the Finance Ministry,” the chairman of the state-run bank Andriy Pyshny said on 25 April, replying to journalists on the need for investment for improving the bank’s facilities and related extra capitalization, UNIAN reports.
According to Pyshny, the government’s injection into the additional capitalization of Oschadbank between 2014 and 2016 was due to the Russian occupation of the Crimean peninsula, the military conflict in eastern Ukraine, the devaluation of the national currency and Oschadbank’s politically motivated loan portfolio formed over the earlier years.
