the morning of 30 July on the street institute could observe a curious picture: the building of the National Bank of expensive cars were parked near where two squad on duty protection. Most passersby remained unaware that it was thus once again crossed the path of two-track demonized antagonists - the head of the Government of Ukraine Yulia Tymoshenko and the oligarch Dmitry Firtash. The owners of the same black limousine, according to the PN, is located on the third floor of the National Bank of Ukraine, trying to solve with its leadership every questions …

And if Tymoshenko visits to the National Bank still rare, the Firtash, the sources of evidence PN, recently traveled to the National Bank almost like a job - almost every morning. Julia Volodymyrivna yet to make much effort to achieve the desired result, and Dmitry V. already achieved a great deal …

The official schedule of Yulia Tymoshenko on July 30, visit the National Bank did not appear. However, unscheduled visit was delayed so that the scheduled on this day at 14.30 a meeting on the chemical industry had to start without a head of Government. Opening the event, Minister of industrial policy Vladimir Novitsky said that Yulia Vladimirovna is delayed, because now in the National Bank, where he took part in the meeting.

Source Agency Interfax-Ukraine in the National Bank said that Tymoshenko conducted negotiations with the Head of NBU Volodymyr Stelmakh in a tete-a-tete. Sources ZN clarified: face-to-face head of the Government and the National Bank is not talking all the time - for joining the monetary policy department director of the National Bank of Ukraine Natalia Grebennik and First Deputy Chairman Anatoly Shapovalov.

itself participate Director of monetary policy sheds light on one of the key topics of conversation. In addition to course subject matter, it was mainly on the volume issue, which Prime is trying to squeeze out of the NBU for government debt.

According to the PN, claims the premier is in the additional repurchase OVDP totaled about 25 billion UAH. (above a specified limit with the IMF in 44 bln. on recapitalization of banks and has conducted the National Bank Redemption gosobligatsy worth over 30 bln.). The goals, of course, good - capitalization of NAK Naftogaz of Ukraine, the preparations for Euro 2012, the needs of farmers, kommunalschikov, aircraft, mortgage.

From the first

hurriedly sell on Stelmakh Vladimir and Natalia Grebennik Yulia Timoshenko failed. Therefore, the head of the government has decided to participate in the Friday (31 July) meeting of the National Bank of Ukraine. At 12.00 on Friday planned to begin meeting with the premier investors RODOVID BANK in the International Exhibition Center - for the announcement of the Government regarding the return of your deposit.

First Book RODOVID received the task to establish a presence at the event - as much - 100 ths. Thank God that the people of darkness exhibition center is not fit, so raznaryadka fell to a much more moderate figures - around 25-27 thousand

It is obvious that such action is nothing other than the pre-rally, during which affected investors' Rodovid Bank should finally realize who actually saw the return of their savings.

Meanwhile, to meet the needs of all affected RODOVID citizens is clearly not enough of those so far just over 300 million UAH. that the establishment of this week has finally been received by recapitalization. Recall that the government in early July has gosobligatsii with a total nominal amount of 9.5 bln. in the authorized capital of UGB (3.1 bn), Rodovid Bank (2.8 billion UAH) and the bank Kiev (3,6 bln.). But until recently, the National Bank in exchange for a live money bought OVDP 1 billion UAH. only UkrGasBank.

Rodovid and Kiev have been the first liquidity only on the current week. On Wednesday, the National Bank approved their application for monetization OVDP made in their ustavniki - respectively, at 308 million and 860 million UAH. The volume of applications for personal approval consistent premiere.

reason for such strict controls understandable to those who knew that one of the biggest clients, Rodovid Bank is … Dmitry Firtash or, more precisely - either directly or indirectly related structures. Total borrowing RODOVID - about a dozen such structures have received loans totaling about 2.5 billion UAH. In support of these loans, in addition to other liens on deposit in the institution was at one time made a means of Укргаз-Energo (630-640 mln.) And the Bank Clearing House (560-580 million).

It is that money is now a lively interest in Firtash, and that they feared the return of the head of government, providing the bank limitiruya living money.

also one of the main topics of recent consultations Firtash in the NBU has been issued by the restructuring of the National Bank refinancing, the mortgage under which was owned by his estate. In particular, we are talking about the bank Nadra, at the end of last year by NBU large amounts of resources (7.2 billion UAH.), Of which 4 billion UAH. As to the time reported Dmitry Firtash, were issued under its warranty.

It is possible that perezalozhennoy under NBU refinancing was at least part of the pledges in Rodovid Bank for a total of about 6 bln. belonging related Firtash structures.

Visits Firtash in National Bank have resulted in both bank were among the lucky ones, whose commitment to the NBU refinancing loans can be restructured - for up to seven years and a decrease (from 18 to 12% per annum) interest rate.

fact that training in the National Bank decision on a possible restructuring of obligations to refinance several banks ZN confirmed Executive Director - Director of the Banking Regulation and Supervision of the National Bank of Ukraine Vasily Pasechnik.

According to him, the number of priority, the obligations which may be subject to the NBU restructuring, the banks are related to the recapitalization (Ukrgasbank, Rodovid, Kiev and Nadra, Ukrprombank and Finance and Credit ). And on the second stage, we get our opportunities, including the growth of money supply, and take action in respect of other banks, - stressed the official.

However, the restructuring of domestic banks' liabilities above problem does not solve their problems with outside commitments, which the government put as a condition for their recapitalization. Thus, the proposed bank Nadra the conditions of restructuring (eg, buying Eurobonds over 15% of face value or 60% cancellation of debt and repayment of the balance in July 2015 on the rate of 9.5% per annum) are not like the owners of its external liabilities, which they were demanded to remove the bank from the management of the temporary administrator Valentin Zhukovsky and refuse services to an international financial consultant Investbank Rothschild, occupied, in their view, obviously unhelpful attitude.

in exchange for a shift Zhukovskiy one of the main creditors and vozmutiteley calm - the company Cargill - even pledged to buy up the debts Ukrprombank in small-holders (currently the share of Cargill accounts for 80% of the external obligations of agencies) that did not raise obstacles to the restructuring of its debts.

According to some sources, a club of creditors bank Nadra discussing the possibility of international litigation with the State of Ukraine, the third party which should be the IMF and National Bank of Ukraine, on non-State obligations under the recapitalization of the bank.

consultancy from Rothschild unhappy and the government. The official website of the Ministry of Finance of Ukraine on 10 July this year even reported to the criticism of their work. It claimed that Rothschild holds unacceptable for the government position on the need for direct participation of the Ukrainian government in its negotiations with lenders Bank Nadra. While placing the above information was soon identified as wrong, bad draft, as they say, still is.

The commentary for ZN Director of the Department of the Ministry of Finance of the State's participation in the capitalization of banks Teymur Baghirov said that the Government's position remains unchanged: The decision by the bank Nadra will be taken only once brought to mind the process of restructuring the external debts. brought to mind - means the document signed by the creditors, which can be seen under what conditions restrukturiziruyutsya debts. Cabinet is not a party to the negotiations. The lenders offered their conditions can be counter-position to discuss. I think, as a result of the negotiations to a decision ofthe parties will come.

According to Bagirov, the same condition applies with respect to Ukrprombank, the interim administrator who has provided only a letter from the lenders that have expressed willingness to negotiate a restructuring than before, but only after the Government decides to increase, with significant, Capital Bank. Also, the bank is not a public company, as required by conditions of the Government, and OOO.

The National Bank, among others, suggested that we consider the transfer of liabilities - deposits of citizens - in Oschadbank. Will this option is adopted, or any other, it will provide protection to depositors-natural persons in full. We have already spent virtually every circuit, but before it was decided not to make a final verdict until the entry into force of the Law about the features of the financial recovery of the banks, which was passed by Parliament last week. give us a bill (№ 4630) provided a sufficient number of new efficient and flexible mechanisms for recovery problem institutions. Shall We See the final version of the current law - finally to the mechanisms, - summarizes the representative of the Ministry of Finance.

Formerly Acting chief Bagirova Minister of Finance Igor Umansky said that his agency considers it inappropriate to enter the capital Ukrprombank and considering переведения its depositors to another bank. But, according to executive director of the National Bank of Vasily Pasechnik, the fate of Ukrprombank does not yet definitively resolved. He confirmed that the National Bank of Ukraine has proposed the transfer to Oschadbank Ukrprombank depositors in the event of failure of the recapitalization last. And the National Bank is ready to monetized OVDP issued to cover the gosobyazatelstv.

Vasily Pasechnik argues that the transfer of depositors will not necessarily mean the elimination of Ukrprombank. Clean the balance sheet, we get a very attractive purchase for the establishment of a very extensive branch network and an excellent base material. I think that the investor for such a structure will be found, - has summed up the executive director of the National Bank.

A

to a number of smaller banks and potential buyers have so often enough serious interest. In two cases (the banks' credit to the National and Arma) has been replaced by the owners, and soon, I think we got from the interim administration, - said Pasechnik.

He also explained why the scheme is not used to return the deposits via credit the National Bank Deposit Guarantee Fund natural persons. Assets FGVFL today little more than 4,5 billion UAH., While the obligations Ukrprombank to investors - about 6,8 billion UAH. Simple arithmetic shows that to meet these obligations and ensure the minimum liquidity fund loan NBU will need at least several billion.

This loan will have to serve under him would be required to ensure that at no FGVFL today. Furthermore, in accordance with the law on guaranteeing deposits in case of a loan NBU Executive Board Fund is obliged to impose emergency extraordinary collection from commercial banks. Ie will have to besiege the additional tax the banking system, which is today and so far is in no better shape, - argues the position of the National Bank of Ukraine Vasily Pasechnik.

But he categorically rejected the suggestion that a decision on a 100 per cent compensation for deposits in Ukrprombank (through the scheme with Oschadbank) was taken allegedly under pressure from high officials, whose contribution to the enormous amounts of hung in the facility (deposit up to 150 ths. in It totaled 5.5 billion).

During the development of various compensation schemes of savings we have had numerous consultations, including with international financial organizations. Foreign experts have repeatedly recommended to us - and it is displayed in numerous protocols and memoranda - that we owe to the current situation to protect all depositors - said
Pasechnik.

While officials pyhtyat and tuzhatsya, the duration of the moratorium on satisfaction of creditors and depositors Ukrprombank expired ten days ago. Since 21 July, the bank is in a strange situation: the decision on its further fate is not accepted, and there are no serious impediments to law enforcement, which may block the correspondent and operating activities. How long can the bank be podvisshem state?

As stated in the commentary for ZN temporary administrator Ukrprombank Constantine Raevsky, the decision on the future of agencies should take the most rapidly: in the condition in which it is now, to operate a long bank will not be able to.

Option with unmanageable process of recovery of money and assets on the decisions of the courts is unacceptable, since in this case of any reasonable order of liabilities and the effective operation of the assets, even speech can not be - warned the interim administrator Ukrprombank.

In his opinion, the best solution in terms of the interests of all investors, customers and creditors would be the recapitalization of the bank in order to restore normal activity. That would be the most rational decision, including from the standpoint of the interests of the State - argues Raevsky. - Those that the state should spend on paying back the depositors of the Bank Deposits Guarantee Fund, in principle, it would be sufficient to restore activity Ukrprombank . But the state receives an asset - becomes the owner of the largest system in the bank and its subsequent sale is fully back the money spent.

We proceed from the need to take to the bank of optimal solutions, but the time for choices is very small. Of all the possible solutions being implemented at worst, when the decision is not taken, - down the manager.

Meanwhile inexorably deadline for the moratorium and the half in the bank Nadra (begin operating on February 10 this year). Once it is completed, the institution would certainly object of numerous lawsuits, the account is seriously at risk of being blocked, in which case the bank is unlikely to be able to avoid liquidation.

By the way, in that Bagirova Bill number 4630 was a rule that could help officials again otstrochit a final decision on troubled banks. Namely: in the art. 85 Law On banks and banking activity, the amendment according to which the National Bank has the right to extend the moratorium for another six months. However, for some reason, with the caveat that this could happen after the termination of the interim administration. Perhaps it is this disconnect and embarrassed officials, awaiting the publication of the law in final form.

According to the PN, signed in mid-week, the Speaker of Parliament Volodymyr Lytvyn paper has entered the Presidential Secretariat. The question now is, considering whether Viktor Yushchenko and his entourage the banking law is an important and deserving of an extraordinary signature, as promised, on Friday?

P.S.

Even after the number ZN was sent to print, on the official website of the President of Ukraine was published on the law of Ukraine № 1617-VI On Amendments to Certain Legislative Acts of Ukraine on the characteristics of the activities on the financial health of banks .

According to the text of the document in a new wording of article 85 of law On banks and banking activity a moratorium on satisfaction of creditors' claims with the bank's interim administration may be the National Bank for a term not exceeding three months.

However, in the finalprovisions of the law number 1617-VI contains a rule, the NBU vested 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 a moratorium.

expected that immediately after the publication of legislation on Tuesday August 4 this year in the official media The National Bank will continue the moratorium in Ukrprombank.

Yuri Skolotyany

Ukrainian stock market rose slightly as a result of trades on Friday
European indexes fell on Friday on weak reporting companies desheveyut Air France, Eni
The National Bank has allowed to extend to 7 years to refinance the banks, the candidates for the capitalization
Bernanke makes the Fed in an open house
Consumer prices in Japan in June fell by 1.7%, unemployment reached 5.4%
United States, performance: indices showed a significant increase on the basis of July
Forex - results of day
The World Bank and the Bank may give Ukraine a loan to the injection of gas in UGS in October this year
TV does not make allowances for the crisis