The Government increases the charter capital of the Ukreximbank and the Oshchadbank

On March 6, the Government decided to increase the charter capital of the Ukreximbank and the Oshchadbank by 4.7 billion hryvnas and 5.4 billion hryvnas respectively.

The recapitalization will be conducted as the issue of domestic state bonds which shall be exchanged against the shares of these banks.

This decision is based on the increased credit risks of the Oshchadbank and the Ukreximbank calculated according to the regulations of the National Bank which need to be covered by additional capital.