Ukrgazbank returns to normal work regime

Ukrgazbank (UGZB) has returned to a normal work regime, the Finance Ministry said at a press conference on Monday, having completed the government outlined procedure for recapitalization. Ukrgazbank had received UAH 3.1 bln in local sovereign bonds into its charter fund earlier this month. The bank has begun repaying expired term accounts to depositors. The bank could be removed from temporary administration by the National Bank of Ukraine by the end of the month, after the NBU appoints a new administration and supervisory council to the bank.