Only tier-1 banks under the NBU administration eligible for state recapitalization

Yesterday Prime Minister Yulia Tymoshenko said that only tier-1 banks currently under the NBU administration will be eligible to be recapitalized with public funds. At the moment two out of eighteen tier-1 banks fall under the criterion: Nadra Bank (NADR) and Ukrprombank. Meanwhile, on Monday the NBU Head Volodymyr Stelmakh said that the state was planning to recapitalize eight Ukrainian banks and that Nadra Bank and Ukrgazbank (UGZB) are on the list.