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Tuesday, August 22, 2017

National Bank of Ukraine discusses upcoming loan with World Bank mission

The National Bank of Ukraine’s senior management team on Tuesday met with World Bank mission representatives to discuss the Second Financial Sector Development Policy Loan, which is scheduled to be disbursed in the first quarter of 2015.

During the meeting, National Bank of Ukraine Gov. Valeriia Gontareva informed the World Bank mission team about measures taken to stabilize the banking system and how structural adjustments are needed when Ukraine goes through tough times. Additionally, the parties discussed diagnostic study findings, restructuring plans for 15 of the largest banks and ongoing studies of 20 other large banks.

As part of the First Financial Sector Development Policy Loan, the World Bank disbursed $500 million on Aug. 8 in an effort to rehabilitate the Ukraine banking system and improve its resilience to risks.

Rinku Chandra, chief of the World Bank mission, said as part of the meeting the mission team intended to  discuss the potential measures supported by the second loan.

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National Bank of Ukraine 9 Instytutska St., Kyiv 01601

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