Pursuant to decision of the National Bank of Ukraine Board, the National Bank of Ukraine discloses information on loans with a maturity of over 30 days granted to the Ukrainian banks by the National Bank of Ukraine on a weekly basis.
Last week, two Ukrainian banks received UAH 2.665 billion worth of emergency loans. In particular, the next emergency loan tranche worth UAH 309 million was disbursed to Public Joint-Stock Company Commercial Bank "PRIVATBANK" (hereinafter – PRIVATBANK PJSCCB).
The National Bank of Ukraine (pursuant to NBU Board Resolution No119/БТ dated February 19, 2015) adopted a decision to provide liquidity support to PRIVATBANK PJSCCB and grant an emergency loan worth UAH 2.28 billion with a maturity of 2 years to this bank to ensure that it meets its obligations to individual depositors on time.
When adopting this decision, the regulator acted on the premises that PRIVATBANK PJSCCB accounts for 26% of all household deposits and 15% of all the assets within the banking system. Furthermore, this financial institution is the largest bank in Ukraine that has the status of a specialized savings bank, with household deposits accounting for over 50% of the bank's liabilities.
In order to inject additional capital into PRIVATBANK PJSCCB, in December 2014, its shareholders made contributions to the authorized capital for a total of UAH 1 billion and plan to increase further the bank's authorized capital.
The integral property complex and a guarantee issued by the owner of qualifying holding in PRIVATBANK PJSCCB have been pledged as collateral against the refinancing loan from the National Bank of Ukraine.
The collateral appraisal has been carried out by one of the leading international audit companies that meets the criteria set forth in the NBU regulations.
In addition, Bank Finance and Credit JSC has received the first tranche worth UAH 76 million of the loan that has been announced earlier.
Disbursement of the refinancing loan is conditional on the bank using this loan solely to meet its obligations to individuals.
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