Ukrhazbank to become candidate No. 1 for bail-out by cabinet

June17200921:26

He also informed that the bank is working according to the bail-out schedule and has submitted information about its stock issue to the commission on securities, revised its statute, replaced bank seals, submitted documents to the Anti-Monopoly Committee and publicized the report on increasing the bank’s statutory capital.

The bank accelerated its preparations for the bail-out, and the Finance Ministry can be registered as owner of its stock already on July 1-3, Horbal said.

It is not known, Horbal continued, whom the government will appoint to head the bank. He did not rule out that the bank will be run by a board of independent directors.