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Where there is no law, but every man does what is right in his own eyes, there is the least of real liberty
Henry M. Robert

RESERVE DEADLINE FOR COMMERCIAL BANKS EXTENDED

24 February, 1998 - 00:00

The National Bank of Ukraine has extended the deadline for bringing commercial banks' statutory fund up to a minimum of 1 million ECU to April 1, 1998, Interfax-Ukraine was told by Yuri Herasymenko, head of NBU's stationary supervision department. The enactment, he went on to say, concerns primarily 17 out of 227 commercial banks registered in Ukraine which paid out 1 million ECU before January 1 but failed to have it registered. This delay, according to Mr. Herasymenko, is «caused by the NBU's determination to keep the banks trustworthy in the eyes of Ukrainian citizens and business entities which founded them.»

 

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