Government decides to additionally capitalize Ukreximbank for UAH 6.8B

The Cabinet of Ministers of Ukraine has decided to additionally capitalize Ukreximbank for UAH 6.8 billion by issuing 15-year government domestic loan bonds at a rate of up to 9.3% to the authorized capital, the Finance Ministry reports.

“On the suggestion of the NBU, the required amount of additional capital for Ukreximbank according to the results of a diagnostic survey is currently UAH 6.8 billion," said Deputy Finance Minister for European Integration Yuriy Drahanchuk.

According to the memorandum between Ukraine and the IMF, the Finance Ministry provides for the possibility of issuing government domestic loan bonds for UAH 20 billion to support banks and the Deposit Guarantee Fund. According to the government's decision, the rate of 15-year government domestic loan bonds cannot exceed a yield of 9.3% per annum.