Jun 1, 2011 08:51
12 yrs ago
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Russian term
Санационный банк
Russian to English
Bus/Financial
Finance (general)
Нацбанк должен будет принять меры по созданию санационного банка в течение шести месяцев со дня вступления в силу данного закона.
Proposed translations
(English)
4 +2 | Remedial bank | trendfreelancer |
4 | bad bank | erika rubinstein |
3 | Toxic Assets Management Bank | Zamira B. |
Proposed translations
+2
40 mins
Selected
Remedial bank
Term "Санационный" means "remedial" or "improving/supporting". Term "remedial bank" is primarily used in articles published by Eastern European goventments and news agencies. Please see the link below to the article published by the Embassy of Ukraine in Australia.
Example sentence:
The National Bank is asking the Cabinet to allocate funds for establishment of a remedial bank.
The National Bank notes that the remedial bank will be created to provide credit and financial institutions with help for addressing the decline in adversely classified loan debt.
4 KudoZ points awarded for this answer.
1 hr
bad bank
Note from asker:
Sounds good, though it may be quite ambiguous |
2 hrs
Toxic Assets Management Bank
см. Ireland's National Toxic Assets Management Agency
Discussion
Rodovid Bank will be transformed into a 'toxic assets' bank, which will accumulate the bad assets of all three state-intervened banks (Rodovid, Ukrgazbank, and Kyiv). The bank is planned to be recapitalized with UAH 3.95 billion ($0.5 billion).
The share capital of the most troubled Nadra Bank will be raised 10 times to UAH 3.9 billion ($0.5 billion) by issuing new shares. At the same time, as all these initiatives will take time, the Ukrainian banking sector's return to health will be gradual as will be credit growth.
Article 86 was added to the Banking Law and provides the possibility for the Cabinet of Ministers of Ukraine upon submission by the National Bank of Ukraine to create a specialized rehabilitation ('sanaziyniy') bank or a toxic assets bank for the purpose of protecting the interests of the depositors and creditors of commercial banks.
Squire, Sanders & Dempsey L.L.P., http://www.ssd.com/files/Publication/45a826ea-716a-48f3-b29f..._Recovery_Law.pdf
Rehabilitation Bank
The Bank Recovery Law grants the Cabinet of Ministers of Ukraine the right to create a rehabilitation bank based upon the NBU’s proposal. The main task of the rehabilitation bank is protection of the interests of the bank’s depositors (creditors).