OREANDA-NEWS. On 24 July 2009 was announced, that On 21 July 2009 Board of the NBU failed to make the final decision on the Ukrprombank recapitalization by the government. On that day the moratorium on the withdrawal of Ukrprombank's deposits was over, while the bank did not have enough sources to redeem the deposits.  Among the possible decisions on Ukrprombank's future the NBU pointed out either transferring of deposit payment to Oshchadbank or to close the bank.

Millennium Capital sees the news to be negative. Since, in the first case, the government will issue around UAH 1.2bn of domestic bonds for Oshchadbank to repay Ukrprombank’s deposits, which may devalue hryvnia by 1%. In the second case bankruptcy of Ukrprombank will worsen the financial stability of the domestic banks, which borrowed UAH 2.1bn to Ukrprombank (6.2% of the total amount).

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