On 18 May 2009, new requirements were introduced for the state
to participate in the capitalisation of Ukrainian banks.
State participation is permitted when:
- the bank is subject to a temporary administration procedure,
meets the system criteria set up by the NBU and is incorporated as
an open (public) joint-stock company, and
- the ownership threshold is met
The ownership threshold is the acquisition by the state of:
- at least 75% plus one share of the bank's share capital on
its own
- at least 60% plus one share of the bank's share capital on
its own and at least 75% plus one share of the bank's share
with another investor, or
- at least 60% plus one share of the bank's share capital on
its own and at least 75% plus one share of the bank's share
capital when combined with all shares transferred to it by other
shareholders giving it the full rights to participate in and vote
at general meetings with that 75% plus one share stake until it
disposes of its
