Rodovid Bank to emerge from NBU’s supervision on Oct. 15

The National Bank of Ukraine is planning to remove Rodovid Bank (RODB) from its temporary administration on October 15, local news reports indicated yesterday. After that the new CEO, appointed by the government, will take over the bank as the state took a 99.97% stake in Rodovid this summer in return for recapitalization funds in the amount of UAH 2.8 bln. On October 15, the moratorium on creditors’ claims to the bank also expires. The government may also transfer certain liabilities (primarily retail deposits) and assets to cover these liabilities from troubled Ukrprombank to Rodovid, although no decision has been made regarding this issue yet.