Ukraine will move bad assets from three nationalised banks into one of them, Rodovid, to revive others, the Finance Ministry said on Friday, a move towards making good on its commitments under an IMF bailout.
Ukraine has pledged to sort out problems in the banking sector under the $15 billion programme that it agreed with the International Monetary Fund last July.
The Fund has delayed the next $1.6 billion disbursement under the programme after Ukraine missed a deadline on implementing a pension reform and sought to soften a planned energy price hike for consumers.
