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Only reforms can help Ukraine cope with financial crisis
30.12.2014 18:32 "Agro Perspectiva" (Kyiv) —
Ukraine can cope with the financial crisis only by conducting reforms, NRCU says referring to the Governor of the National Bank of Ukraine (NBU) Valeriya Gontareva report.
«There is a full-scale financial crisis in the country, and we can cope with it only by conducting very swift, I’d say, extreme reforms,» she said at a press conference on the results of the year in Kyiv on December 30.
As to her, the NBU has drastically changed its approach to refinancing banks, and the regulator continues «clearing up» the banking sector by withdrawing insolvent banks and money-laundering banks from the market, and that the Central Bank itself is undergoing reformation.
It is to be admitted, the NBU has already withdrawn 33 banks from the market, of which seven banks were engaged in money laundering. The NBU also provided banks with UAH 110 billion in refinancing loans, she said.
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