KIEV, July 29 – The Finance Ministry has said that it is inexpedient to capitalize Ukrprombank using state funds and agrees with the National Bank of Ukraine on the movement of deposits of individuals in Ukrprombank to the State Savings Bank of Ukraine (Oschadbank), the acting finance minister, Ihor Umansky, told the press on Wednesday.

"We've studied the situation at Ukrprombank: its balance sheets, assets, liabilities, and we believe that today it's more appropriate to settle social issue – to safeguard depositors with the help of the state. However, it makes no sense for the state to cover the losses of private business in full using taxpayers' money," Umansky said.