The National Bank of Ukraine requires credit institutions to have at the end of the banking day the balance equal to 10 percent of the authorized capital, which is almost impossible in the current situation. Therefore, many banks are forced to seek out funds from other larger lending institutions at high interest rates. Many banks, unable to compete, are leaving the market, or they are being sold, along with their licenses, at a reduced price ( it is very difficult to get a new license). This is caused by the redistribution of the banking sector. Many banks are already under the National Bank’s temporary administration. The majority of banks in this situation have become involved into obvious fraud activities (they are issuing unsecured bank guarantees, making sbls letters of credit, and they are receiving 10-15% ” for that).