Kommersant: The Bank will teach attract problems

According to sources in the NBU, the regulator filed a Cabinet Improved sanitation project for the bank signed by the deputy of head NBU Vladimir Krotyuka. Paper explores policy director of the department of financial services market of the Ministry of Finance Vladimir Kotsuba and Deputy Finance Minister Andrei Kravets, a Finance Ministry source said. Get their comments did not. One of the developers told the paper that sanation Bank proposed to create on the basis of a bank by the transfer to its balance of overdue loans of the Ukrainian banks in exchange of securities. As reported, the NBU is planning to create sanation bank on the basis of a small Hypobank, which was introduced on Oct. 2 interim administration.

Which securities will be issuing bank, the NBU found it difficult to answer, saying only that the decision should take Cabinet. The variants are offered a bill adopted in the NBU software in refinancing bonds, which are secured by assets, and can be traded on the secondary market, as well as the certificates with special status, which will not be taken into account when calculating the NBU prudential regulations. Write sanation Bank NBU offer on the basis of the Swedish model, and are issued in 7-10 years.

in the Cabinet all politically interested in making the project as well as the transfer of the bad assets the banks released their reserves, which amount to 40 billion UAH, and send them on lending to the real sector of the economy - the source said .- I own the NBU version of the bank, the Ministry of Finance - their own, the Cabinet - their own, but the government wants the bank started to work later this year.

Bankers support the idea of creating sanation bank in Ukraine. Well, that dealt with various schemes that have helped the banking system today with the resumption of lending, - said chairman of VAB Bank Peter Baron. However, experts disagree on the principles of the project.

The Swedes have used twice this mechanism and it is very well-proven, but in other countries experience bad bank , to put it mildly, ambiguous, and positive examples can be counted on one hand, - said project coordinator of the EBRD in the financial sector, Alexander Pavlov .- In the context of developing markets, this model yielded promising results, and we do not consider the possibility of participating in such a project. However, he did not rule out the option of partial funding of the Bank of such bank, when the draft of its creation will be described in detail.

main challenge of implementation Swedish model experts see the need to purchase troubled assets sanation bank at par.

If such assets will be exchanged at par, it will lead to the unwinding of inflation, since the real value of these debts will not match the price of their redemption, - said Victor partner for Deloitte Lukashuk .- However, recall and on the American model when troubled banks liquidated, and the remaining assets are simply transferred to another institution.

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