The National Bank of Ukraine said on Wednesday it will discuss the development strategy this week for the Ukrainian banking sector with members of the banking community.
Vladyslav Rashkovan, the director of the NBU's department for banking system strategy and reform, said the Ukrainian banking sector will base its 2020 development strategy on analysis of the global financial, regulatory and technology trends.
The bank will develop a surveillance and short-term monitoring framework to ensure goals are met. The monitoring framework will set the foundation for putting the instruments into practice.
The framework will allow the NBU to put forth its own independent monetary policy and foreign exchange policy. NBU will also develop provisions for the smooth operation of the banking system and principles for supervising bank activity.
"Guided by the principles of transparency and openness in our activities, (this) week we will invite banks to discuss this strategy," Rashkovan said.
The NBU will also focus on reviving lending. The economic recession resulted in a lack of funding in several sectors.
- National Bank of Ukraine removes restrictions on foreign-currency transactions, investment metals
- Black Sea Trade & Development Bank visits Azerbaijan to boost business relationships
- VTB Bank finances three new planes for SunExpress airline
- National Bank of Ukraine makes it easier for businesses to invest abroad
- National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks
- Black Sea Trade and Development Bank, Russian Federal Corp. for SMEs support business growth
- Oleg Demidov named commercial director for Rosbank Factoring
- Eurasian Development Bank sells bonds on Kazakhstan Stock Exchange
- EY World Entrepreneur of the Year event to name world's top entrepreneur
- ACBA-CREDIT AGRICOLE, Microsoft parter for Armenian digital business technology seminar