OREANDA-NEWS. March 17, 2009. To stabilize the work of the bank and ensure fulfilment of its obligations to the clients and partners, temporary administration was introduced in the bank as of 16 March 2009.

Introduction of temporary administration is a prerequisite for the State’s participation in the recapitalization of the bank along with the group of companies “Istil”. The decision on the strategic partnership between RODOVID BANK and the state was adopted at the shareholders’ meeting on 26 February 2009.

The temporary administration has been introduced to support the clients of the banks, improve its liquidity, strengthen its position on the financial market of the country and prepare the bank for the cooperation with the State.

Aiming at creating favourable conditions for improving financial state of the bank, a moratorium on fulfilling its obligations to the creditors has been introduced. The moratorium will be in force for 6 months – from 16 March 2009 till 15 September 2009. 

During its existence RODOVID BANK has been performing successful activities and acquired the title of one of the most dynamic banks in Ukraine. According to the National bank of Ukraine, RODOVID BANK is among 20 biggest banks of Ukraine and in general plays an important role on the financial market of the country.

To keep the clients of the bank informed of the activities and achieved results of the temporary administration’s work at RODOVID BANK, updated information will be posted every week on the bank’s web-site at www.rodovidbank.com.