Ukraine (bbabo.net), - President of Ukraine Volodymyr Zelensky signed a law establishing the procedure for the nationalization of systemically important banks during martial law. According to the National Bank, there are now only 14 systemically important banks in Ukraine.
“The draft law on amendments to the tax code of Ukraine and some other laws of Ukraine on the specifics of withdrawing a systemically important bank from the market under martial law was returned with a signature from the president on October 26,” the Verkhovna Rada said in a statement.
The document provides for a procedure for withdrawing systemically important banks from the market in case they lose liquidity. If the bank is included in the category of "insolvent", its sale for 1 hryvnia will take place regardless of the actual size of the bank's regulatory capital. The law provides that if the value of common shares is more than 1 hryvnia, then their value will be reimbursed exclusively at the expense of compensatory funds of the Russian Federation received for damage caused to Ukraine.
It should be noted that instead of exchanging deposits for shares with their subsequent redemption by the state, the termination of the obligations of such a bank to controllers and owners is introduced.