NBU issues UAH 700 mln stabilization loan to Bank Finance & Credit

The National Bank of Ukraine (NBU) has issued a two-year UAH 700 million stabilization loan to Bank Finance and Credit (Kyiv), according to the NBU website.
"The NBU [resolution No. 101/BT dated February 12, 2015] decided to support the liquidity of OJSC Bank Finance and Credit and issue a stabilization loan to ensure the bank's timely fulfillment of obligations to individual depositors. The stabilization loan will be issued in the amount of UAH 700 million for a period of two years," reads the statement.
According to its data, Bank Finance and Credit accounts for 4% of the total deposits of individuals in the banking system and 2% of the assets of the banking system, while the credit institution belongs to the first group of Ukrainian banks.
"The shareholders of Bank Finance and Credit are taking measures to support the bank and its capitalization. In particular, for 2014 the shareholders increased charter capital by UAH 500 million and have recently announced a share issue to increase charter capital by another UAH 700 million," reads the statement.
According to the NBU, the integrated property complex was used as collateral for the NBU refinancing credit.