Actual start
presidential race has finally been answered in so long tantalizing question: What about state officials intend to use rekapitaliziruemye banks? Alas, the answer is disappointing: the finuchrezhdeniyam to become commonplace tool for electioneering. The interests of depositors of problem institutions are small change in the pre-political event. So, will be considered only when to do so is a favorable political moment.
interests of other citizens, taxpayers, who cares about running in traffic multibillion budget commitments, the process is not visible at all. However, as the interests of the Ukrainian economy.
modest results
imposed almost a force of international financial organizations and remember already recapitalization in vain - the only real answer to the Ukrainian authorities of all the diversity of banking problems. Evil-poor, under the watchful care of all those MFIs that process, albeit with significant delay, but there has started.
In this ever sinking into a bureaucratic routine natsbankovskie and government officials are still carefully avoided specific answers to many questions. In particular, how does rekapitaliziruemye way banks will serve the interests of economy, as they will be managed and where assurance that allocated for the entry into the capital of these institutions multibillion amount will be spent effectively?
In an interview some years ago polutoramesyachnoy acting Minister of Finance Igor Uman complained PN, that too many people trying to influence the ideology and procedures of the process (recapitalization). And said that it (ideology) has been drawn up and formalized, but unfortunately, the process of adjustment and refinement of little stops.
Judging by the fact that no documents to that effect were never published, the process of adjustment and refinement does not cease to this day.
State entered the capital of three institutions (Ukrgasbank, Rodovid the Bank and the Bank Kiev), but more serious problems clots - Banks Nadra and Ukrprombank has not yet arrivedeven before the interim rekapitalizatsionnogo finish. So what about the impact of actions taken both in terms of improving the banking system and the problems have affected the bulk of depositors do not have to say so far.
Even before the middle of this week it was obvious: none of the parties to the process (National Bank and MOF) did not want to assume full responsibility for the fulfillment of the obligations or to investors Ukrprombank, which was already ended the moratorium on satisfaction of creditors' claims or Nadra, where the deadline is August 10.
With specific reference to Ukrproma, the Ðацбанку, obviously, very much wanted to liquidate the bank, with upersya in this regard is Vladimir Stelmakh. A Ministry of Finance and the Government did not want to deal with it recapitalizations. An impressive army of depositors were affected only a vain attempt to understand the stream of contradictory statements about the future intentions and actions of high officials.
and large credits
However, distemper
whom more than modest results so far, if you have actually started the presidential race? Return of savings - that is too fertile and convenient opportunity for treatment in the camp of supporters of affected investors not to popiaritsya on this soil.
and meeting the Prime Minister to investors' Rodovid the Bank at the International Exhibition Center (ICC) last week, and unscheduled visit to Yulia Vladimirovna the central bank, where she had checked the issuance of deposit to investors, were pronounced propagandistic nature for one of the presidential candidates.
At the same time pay for the campaign event, of course, means to convert state property into the bank. Ie means that only yesterday he had been granted by the taxpayers.
course, the Chief Executive opposition media could not watch the scene. The newspaper Today has calculated that the event in the ICC were in the bank amounting to 3 mln.
discouraging from asking PN in this regard, the interim administrator Rodovid Bank Sergey Scherbina refused to name an amount that was spent on the bank aforesaid shares, saying only that the rates for issuing invitations were significantly below the standard.
According to the PN, this is indeed the case. Printing and delivery of invitation recipients were paid at the rate of 1,67 grn. apiece, far below the standard for this kind of service fees - 2,5-2,8 UAH ea.
Yet, with a total circulation of 700 thousand. (namely, a figure previously mentioned Scherbina) delivery into a decent penny - more than a million hryvnia (1.169 mln.), which is three to four times higher than estimated by our colleagues (300-400 thousand hrn.).
Official pricing for the lease of ICC (3 euro /sq. m), may, of course, and should not be applied. However, rent 28 thousand square meters. m, plus a number of other additional services (eg, security) are also pulled decently. Add here a formidable advertising in the media, please note the other organizers of similar services massovok - and ask yourself: is it possible to take effective and beneficial to the taxpayers is the spending of public money?
What is the fine for the general background of multi abuse officials! - Tell the reader. Maybe so, but because the campaign has not even officially started.
And is it worth while to worry about such trifles as the execution in the above-mentioned requirements of the tender procurement legislation under which now comes a new state bank, the fate of which has recently been so many representatives BYUT cares?
Premier thoroughly prepared, so that on the specific facts and figures to tell, as her political rivals aredestroying the banking system. However, was clearly not ready to tell, that is specifically made to address the problems of the depositors of other institutions. For example, Ukrprombank, small group which strongly подпортила impressions of the event.
To Ukrprombank to put in order, today should be about 9 billion UAH. To date, the State Government to enter the bank is impossible, since such amounts of money we do not - this attempt to justify himself, judging by the reaction not very encouraged by the depositors Ukrprombank. Therefore Yulia Vladimirovna said she did solve their problems, moving in state bank deposits.
And that really?
According to the PN, this week just started with a discussion natsbankovskoy government and the two alternatives. Proposal team of Yulia Tymoshenko was to eliminate Ukrprombank and transfer it to investors recently became the property of the state Rodovid Bank.
Vladimir Stelmakh this idea is not liked, and he insisted on his scenario: investors translate into more reliable, according to him, Oschadbank and Ukrprombank has not yet been eliminated, extending the moratorium on satisfaction of creditors' claims.
Fortunately, already in force since freshly Act features of the financial health of banks (№ 1617-VI) allowed to do so.
Vladimir Stelmakh
position taken up, and that his version was adopted as the base.
Decree number 447 of 5 August National Bank to extend the moratorium on satisfaction of creditors' claims in Ukrprombank until 21 January 2010-th. Until that date the bank received the right to return funds only up to the interim administration and agreed with the NBU limits. The fate of investors and their savings again hung in the air, but officials have received another temporary respite for a final decision on Ukrprombank that recapitalization of seemed to have almost certainly not shining.
Commenting on the ZN the situation, the chairman of the Oschadbank Anatoly Guley reported that the Board of State Bank of really considering possible options for the adoption of servicing the deposits of savers Ukrprombank.
At the moment we are consulting with the Ministry of Finance, National Bank and the interim administration Ukrprombank. This is the translation of more than one million accounts belonging to approximately 450 thousand persons-investors.
In principle, this is a simple daily operating unit of our bank, as shown by our experience in the first half of 2008. Oschadbank reach a decision and more ambitious goals, so that, subject to clear legal regulation of this process, technically we are ready to act as agent of the government and carry out such an operation. We have only two fundamental points. First: the transfer of funds of depositors Ukrprombank political forces should not be unprofessional to comment on the process, creating unnecessary excitement among investors as Ukrprombank, and the State Bank. Also, all must understand that this process will not last for one or two weeks, it will take two months to six months. The second, which is not currently allowed - this is the deteriorating financial situation of the State Bank. We are therefore extremely important issue is the quality and liquidity of assets that can be transferred to state bank to the payment of the obligations taken before Ukrprombank investors , - said Guley.
He forecast that the final decision on the fate of the deposits in Ukrprombank will be made early next week.
For its part, the interim administrator Rodovid Bank Sergey Scherbina said PN , that his institution has managed to take care of depositors Ukrprombank, getting on top of its assets. According to him, Rodovid ready to take on the balance of the branch network Ukrprombank, preserving jobs for its current staff. We have recently reduced staff tripled, from six to two thousand employees and had eliminated about a hundred branches. As to the bank after the recapitalization will be more serious problem, these losses would require an early fill, - he explained.
Apparently, natsbankovsky option do not suit you the head of government. Therefore, it is once again confused the card, saying on Thursday evening in an interview with three TV channels that we can see now the way of Nadra and Ukrprombank for a month to socialize and, sorry for the bad word, to make public these banks.
The goal, of course, the good: the people begin to recover their property, their money. In doing so, Prime added that the nationalization of banks was made possible with the view adopted in July by the Government Act finuchrezhdeny support.
How effective and useful to the Act (№ 1617-VI) as a tool for real improvement of banking system rather than individual agencies - the subject of a separate analysis, we necessarily hold in one of the closest rooms ZN. However, now striking an apparent violation of his individual points of constitutional law.
For example, the so skillfully made in its final provisions of the rule, giving the NBU right to extend for up to six months a moratorium on satisfaction of creditors' claims the bank, which at the time of adoption of this law was imposed moratorium, has obtained, the reverse effect, as applied to prisoners prior to the date the law came into force on the deposit contract. At the same time, the Constitution contains provisions on the inadmissibility of this, there is even a special decision of the Constitutional Court on this matter.
How long a delay the next payment is fraught with this new initiative of Yulia Tymoshenko for investors, yet difficult to say. Although it is clear that to unravel the whole tangle of problems Ukrproma and Nadra for the month, as promised, Prime, is unlikely to succeed.
At the end of the tenth month since then, as in the Ukrainian banking system was declared a moratorium on the early withdrawal of deposits. But for all this time the company has not heard from the highest dignitaries clear and distinct answer to two questions. First: what, other than arising from recapitalization, is a strategy to improve the health authorities of the banking system? And second, even more important: how to resume actually minimized since the crisis began lending to the economy, without which the hopes for a resumption of growth in vain?
Â
Yuri Skolotyany
Market share growth in Russia was closed for more than 2% due to positive data from the United States
Commentary: The dollar falls, and this can rejoice
Transcarpathian mining: How to turn gold into shit
Fitch raised the ratings of Alfa-Bank (Ukraine) to 'CCC /C', after exchange of Eurobonds
Guley: Oschadbank considering the possibility of servicing more than 1 million accounts of depositors Ukrprombank
The crisis - a crisis, and dinner - on schedule
Forex - results of day in the market
The European indexes grow on Friday on the strength of the U.S. labor market
Bonds will get a second chance in 2010
Square-banking technology?
Actual start
presidential race has finally been answered in so long tantalizing question: What about state officials intend to use rekapitaliziruemye banks? Alas, the answer is disappointing: the finuchrezhdeniyam to become commonplace tool for electioneering. The interests of depositors of problem institutions are small change in the pre-political event. So, will be considered only when to do so is a favorable political moment.
interests of other citizens, taxpayers, who cares about running in traffic multibillion budget commitments, the process is not visible at all. However, as the interests of the Ukrainian economy.
modest results
imposed almost a force of international financial organizations and remember already recapitalization in vain - the only real answer to the Ukrainian authorities of all the diversity of banking problems. Evil-poor, under the watchful care of all those MFIs that process, albeit with significant delay, but there has started.
In this ever sinking into a bureaucratic routine natsbankovskie and government officials are still carefully avoided specific answers to many questions. In particular, how does rekapitaliziruemye way banks will serve the interests of economy, as they will be managed and where assurance that allocated for the entry into the capital of these institutions multibillion amount will be spent effectively?
In an interview some years ago polutoramesyachnoy acting Minister of Finance Igor Uman complained PN, that too many people trying to influence the ideology and procedures of the process (recapitalization). And said that it (ideology) has been drawn up and formalized, but unfortunately, the process of adjustment and refinement of little stops.
Judging by the fact that no documents to that effect were never published, the process of adjustment and refinement does not cease to this day.
State entered the capital of three institutions (Ukrgasbank, Rodovid the Bank and the Bank Kiev), but more serious problems clots - Banks Nadra and Ukrprombank has not yet arrivedeven before the interim rekapitalizatsionnogo finish. So what about the impact of actions taken both in terms of improving the banking system and the problems have affected the bulk of depositors do not have to say so far.
Even before the middle of this week it was obvious: none of the parties to the process (National Bank and MOF) did not want to assume full responsibility for the fulfillment of the obligations or to investors Ukrprombank, which was already ended the moratorium on satisfaction of creditors' claims or Nadra, where the deadline is August 10.
With specific reference to Ukrproma, the Ðацбанку, obviously, very much wanted to liquidate the bank, with upersya in this regard is Vladimir Stelmakh. A Ministry of Finance and the Government did not want to deal with it recapitalizations. An impressive army of depositors were affected only a vain attempt to understand the stream of contradictory statements about the future intentions and actions of high officials.
and large credits
However, distemper
whom more than modest results so far, if you have actually started the presidential race? Return of savings - that is too fertile and convenient opportunity for treatment in the camp of supporters of affected investors not to popiaritsya on this soil.
and meeting the Prime Minister to investors' Rodovid the Bank at the International Exhibition Center (ICC) last week, and unscheduled visit to Yulia Vladimirovna the central bank, where she had checked the issuance of deposit to investors, were pronounced propagandistic nature for one of the presidential candidates.
At the same time pay for the campaign event, of course, means to convert state property into the bank. Ie means that only yesterday he had been granted by the taxpayers.
course, the Chief Executive opposition media could not watch the scene. The newspaper Today has calculated that the event in the ICC were in the bank amounting to 3 mln.
discouraging from asking PN in this regard, the interim administrator Rodovid Bank Sergey Scherbina refused to name an amount that was spent on the bank aforesaid shares, saying only that the rates for issuing invitations were significantly below the standard.
According to the PN, this is indeed the case. Printing and delivery of invitation recipients were paid at the rate of 1,67 grn. apiece, far below the standard for this kind of service fees - 2,5-2,8 UAH ea.
Yet, with a total circulation of 700 thousand. (namely, a figure previously mentioned Scherbina) delivery into a decent penny - more than a million hryvnia (1.169 mln.), which is three to four times higher than estimated by our colleagues (300-400 thousand hrn.).
Official pricing for the lease of ICC (3 euro /sq. m), may, of course, and should not be applied. However, rent 28 thousand square meters. m, plus a number of other additional services (eg, security) are also pulled decently. Add here a formidable advertising in the media, please note the other organizers of similar services massovok - and ask yourself: is it possible to take effective and beneficial to the taxpayers is the spending of public money?
What is the fine for the general background of multi abuse officials! - Tell the reader. Maybe so, but because the campaign has not even officially started.
And is it worth while to worry about such trifles as the execution in the above-mentioned requirements of the tender procurement legislation under which now comes a new state bank, the fate of which has recently been so many representatives BYUT cares?
Premier thoroughly prepared, so that on the specific facts and figures to tell, as her political rivals aredestroying the banking system. However, was clearly not ready to tell, that is specifically made to address the problems of the depositors of other institutions. For example, Ukrprombank, small group which strongly подпортила impressions of the event.
To Ukrprombank to put in order, today should be about 9 billion UAH. To date, the State Government to enter the bank is impossible, since such amounts of money we do not - this attempt to justify himself, judging by the reaction not very encouraged by the depositors Ukrprombank. Therefore Yulia Vladimirovna said she did solve their problems, moving in state bank deposits.
And that really?
According to the PN, this week just started with a discussion natsbankovskoy government and the two alternatives. Proposal team of Yulia Tymoshenko was to eliminate Ukrprombank and transfer it to investors recently became the property of the state Rodovid Bank.
Vladimir Stelmakh this idea is not liked, and he insisted on his scenario: investors translate into more reliable, according to him, Oschadbank and Ukrprombank has not yet been eliminated, extending the moratorium on satisfaction of creditors' claims.
Fortunately, already in force since freshly Act features of the financial health of banks (№ 1617-VI) allowed to do so.
Vladimir Stelmakh
position taken up, and that his version was adopted as the base.
Decree number 447 of 5 August National Bank to extend the moratorium on satisfaction of creditors' claims in Ukrprombank until 21 January 2010-th. Until that date the bank received the right to return funds only up to the interim administration and agreed with the NBU limits. The fate of investors and their savings again hung in the air, but officials have received another temporary respite for a final decision on Ukrprombank that recapitalization of seemed to have almost certainly not shining.
Commenting on the ZN the situation, the chairman of the Oschadbank Anatoly Guley reported that the Board of State Bank of really considering possible options for the adoption of servicing the deposits of savers Ukrprombank.
At the moment we are consulting with the Ministry of Finance, National Bank and the interim administration Ukrprombank. This is the translation of more than one million accounts belonging to approximately 450 thousand persons-investors.
In principle, this is a simple daily operating unit of our bank, as shown by our experience in the first half of 2008. Oschadbank reach a decision and more ambitious goals, so that, subject to clear legal regulation of this process, technically we are ready to act as agent of the government and carry out such an operation. We have only two fundamental points. First: the transfer of funds of depositors Ukrprombank political forces should not be unprofessional to comment on the process, creating unnecessary excitement among investors as Ukrprombank, and the State Bank. Also, all must understand that this process will not last for one or two weeks, it will take two months to six months. The second, which is not currently allowed - this is the deteriorating financial situation of the State Bank. We are therefore extremely important issue is the quality and liquidity of assets that can be transferred to state bank to the payment of the obligations taken before Ukrprombank investors , - said Guley.
He forecast that the final decision on the fate of the deposits in Ukrprombank will be made early next week.
For its part, the interim administrator Rodovid Bank Sergey Scherbina said PN , that his institution has managed to take care of depositors Ukrprombank, getting on top of its assets. According to him, Rodovid ready to take on the balance of the branch network Ukrprombank, preserving jobs for its current staff. We have recently reduced staff tripled, from six to two thousand employees and had eliminated about a hundred branches. As to the bank after the recapitalization will be more serious problem, these losses would require an early fill, - he explained.
Apparently, natsbankovsky option do not suit you the head of government. Therefore, it is once again confused the card, saying on Thursday evening in an interview with three TV channels that we can see now the way of Nadra and Ukrprombank for a month to socialize and, sorry for the bad word, to make public these banks.
The goal, of course, the good: the people begin to recover their property, their money. In doing so, Prime added that the nationalization of banks was made possible with the view adopted in July by the Government Act finuchrezhdeny support.
How effective and useful to the Act (№ 1617-VI) as a tool for real improvement of banking system rather than individual agencies - the subject of a separate analysis, we necessarily hold in one of the closest rooms ZN. However, now striking an apparent violation of his individual points of constitutional law.
For example, the so skillfully made in its final provisions of the rule, giving the NBU right to extend for up to six months a moratorium on satisfaction of creditors' claims the bank, which at the time of adoption of this law was imposed moratorium, has obtained, the reverse effect, as applied to prisoners prior to the date the law came into force on the deposit contract. At the same time, the Constitution contains provisions on the inadmissibility of this, there is even a special decision of the Constitutional Court on this matter.
How long a delay the next payment is fraught with this new initiative of Yulia Tymoshenko for investors, yet difficult to say. Although it is clear that to unravel the whole tangle of problems Ukrproma and Nadra for the month, as promised, Prime, is unlikely to succeed.
At the end of the tenth month since then, as in the Ukrainian banking system was declared a moratorium on the early withdrawal of deposits. But for all this time the company has not heard from the highest dignitaries clear and distinct answer to two questions. First: what, other than arising from recapitalization, is a strategy to improve the health authorities of the banking system? And second, even more important: how to resume actually minimized since the crisis began lending to the economy, without which the hopes for a resumption of growth in vain?
Â
Yuri Skolotyany
Market share growth in Russia was closed for more than 2% due to positive data from the United States
Commentary: The dollar falls, and this can rejoice
Transcarpathian mining: How to turn gold into shit
Fitch raised the ratings of Alfa-Bank (Ukraine) to 'CCC /C', after exchange of Eurobonds
Guley: Oschadbank considering the possibility of servicing more than 1 million accounts of depositors Ukrprombank
The crisis - a crisis, and dinner - on schedule
Forex - results of day in the market
The European indexes grow on Friday on the strength of the U.S. labor market
Bonds will get a second chance in 2010