NBU puts top-17 banks' recapitalization need at USD 3 bln
30 January 2009
Daily Kommersant, citing NBU sources, said that a stress-test of the top-17 Ukrainian banks showed a need for capital injections amounting to UAH 24.7 bln (USD 3.2 bln). Of that amount, UAH 2.8 bln (USD 364 mln) is the estimated need for state-owned banks, UAH 7.2 bln (USD 935 mln) is what locally-owned banks must raise, and the remaining sum, UAH 14.7 bln (USD 1.9 bln) by foreign-owned banks. The figures were calculated from auditor reports initiated by the National Bank of Ukraine to meet conditions of the IMF standby loan facility.
