NBU provides new stabilization loan of UAH 750 mln to bank Finance and Credit
The National Bank of Ukraine has provided a two-year stabilization loan of UAH 750 million to bank Finance and Credit for the bank to fulfill its liabilities to depositors-individuals on time, the NBU said on Friday.
"We support bank Finance and Credit, as we sees that the bank strictly sticks to the additional capitalization program agreed with the NBU," reads a press release issued by the NBU, citing its Governor Valeriya Gontareva.
She said the program is being realized by the bank's shareholders after a stress test was conducted.
"In addition, the shareholders additionally will boost the bank's charter capital by UAH 1.972 billion in June and have liabilities to considerably reduce the bank's credit portfolio in July 2015," she added.
The central bank said that in 2014-2015 the bank's shareholders increased its charter capital by UAH 1.116 billion.
According to the press release, the decision to issue the stabilization credit was made by the NBU Board on June 10.
Bank Finance and Credit was founded in 1990. Its major shareholders are Askania LLC and PrJSC F&C Realty the ultimate beneficiary of which is Ukrainian businessman and MP Kostiantyn Zhevaho.
Bank Finance and Credit ranked 10th among 133 operating banks in the country as of April 1, 2015, in terms of total assets worth UAH 41.47, according to the NBU.