Cabinet decides to inject extra $375 mln into two state-owned banks

15:07, 10 March 2017
Economy
126 0

Ukraine's Cabinet of Ministers has decided on additional capitalization of state-owned banks, Ukreximbank and Oschadbank, to the tune of UAH 4.7 billion, or about US$175 million, and UAH 5.4 billion, or $200 million, respectively, by issuing 15-year government bonds in exchange for the banks' new shares, according to resolutions Nos. 122 and 123, posted on the government's portal.

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