Finance Ministry to only recapitalize banks in receivership

The Finance Ministry will only recapitalize banks in which the National Bank of Ukraine has taken no less than a 50%+1 stake and introduced temporary administration, according to a Cabinet of Ministers decision published yesterday but passed on February 18. Additionally, the Cabinet also stipulated that it will only facilitate capital injections to banks that are open joint stock companies or will be reorganized into OJSCs during the recapitalization process.