Newly appointed Governor of the National Bank of Ukraine Stepan Kubiv issued a statement this week highlighting the bank's professional staff and important systems, including its SEP, NSMEP and open market operations.
Kubiv assured customers that the bank is in control of the sector and is maintaining two-way communication with all banks. The bank is also analyzing gold and foreign reserves, which the governor said are under control and manageable.
The note also highlighted the importance of protecting depositors' interests and resuming talks with foreign creditors once a new Ukrainian government is formed. The bank also anticipates the approval of an ambitious and clear plan toward reforming the economy and the financial sector.
The bank assured citizens that it would be taking urgent steps toward providing liquidity to banks while also ensuring that loans come with tougher conditions on transparency and control over their utilization.
The National Bank of Ukraine will also take a tough line on banks violating requirements, according to the letter.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme