Companies@UA: База компаний Украины

Kyiv, July 31 (Interfax-Ukraine) – The government will make a final decision on the additional capitalization of Ukrprombank (Kyiv) after the law on bank improvements currently being reviewed by the president comes into effect, according to Teimur Bagirov, the director of the Finance Ministry's department on the state's participation in bank capitalization.

"On July 24, the Verkhovna Rada, Ukraine's parliament, adopted a law on the banks' financial improvement. The cabinet will not make a final decision on Ukrprombank until the law comes into effect," he said in an interview with the Delo newspaper.

Bagirov said that the law provides the government with many new opportunities.

Problem banks Ukrprombank and Bank Nadra currently need over UAH 10.5 billion in additional capital, Bagirov said.

"Any decision viewed by the government will foresee that all of the individual depositors of Ukrprombank and Bank Nadra will be protected and receive their deposits," he said.