National Bank has called for a loan

Advisor Chairman of the Board National Credit Bank, Yuri Derevko, a key reason for cautious recovery crediting considers the psychological barrier, arising from the bankers during the crisis. He still has not overcome all, and not until the end. Today, banks are willing to lend only to large borrowers who successfully overcame the crisis and demonstrated during this period a good payment discipline. "Unfortunately, such companies in Ukraine is very limited, and for them right now between the banks is a serious struggle, and, primarily among the largest" - said the banker. Meanwhile, the liquidity of the banking system is very high, and only above the psychological barrier prevents many banks are actively lending to the economy. Many of them prefer to invest in such risk-free operations such as government bonds, yielding a small but steady income. "Today we can say that the cost of resources in large Ukrainian banks approached pre-crisis. At the same time the corporate sector has access to cheaper loans, which are sometimes significantly cheaper than 15% annually in local currency," - says the financier. But while talking about the systemic activation of lending prematurely. According to the chairman of the First Ukrainian International Bank of Constantine Weissman, the main factors inhibiting the resumption of full credit - it's the imperfection of the banking legislation in terms of unequal conditions for lenders and consumers of financial services, the prohibition of foreign currency lending, as well as lack of transparency in the judicial system. Among the barriers to economic growth financier says post-crisis "baggage" of arrears, as well as the insufficient number of high-quality borrowers. Part of the problem remained even with the pre-crisis times, like the head of the analysis of financial markets, ING Bank (Ukraine) Alexander Pecherytsyn. In particular, this discrepancy terms of credit (mainly medium-and long-term) and passive base of banks (mainly short and medium term). In this part of the problems was added after the crisis, such as increased risks of potential borrowers, and significant restrictions on lending in foreign currency. "Do not forget that today, not all industry" alive "after the crisis period, some companies just starting to recover, the banks are also in no hurry to build up their loan portfolios, demonstrating thoroughness in studying the financial status of potential borrowers," - deputy chairman recalls batteries "Industrialbank Vera Velichko. The pace of credit affects the overall economic situation, the lack of specific state programs and the lack of tax incentives. Yuri Blaschuk, a member of the Supervisory Board of Platinum Bank, among the many problems lending out three main ones. First is the lack of "quality" of the borrower. Second - the problem of collateral. This issue became particularly acute during the crisis, when banking institutions in many cases could not exercise their right to bail, said the banker. Here the problem of notarial inscription in the mortgage, when questioned notarial inscription on mortgage transactions, and attempts to "cool" borrowers did not pay the (often with the involvement of the security forces, which in some cases act against banks), and the problem of opacity of vessels tightening enforcement procedures, etc. In addition, liquidity remains an urgent problem of collateral (land, enterprises with state ownership, the company associated with the offshore business). Changes in legislation regarding the pledge, the expert said - a very slow-issue that requires time and culture change. "But it is also necessary to pursue a policy of education to the unconditional fulfillment of obligations to the banking institutions", - considers Blaschuk. Also need further development of credit bureaus for both individuals and legal entities. Among the factors hindering lending, financial expert calls the lack of banks' long-term hryvnia resources and a ban on the issuance of foreign currency loans. However, the NBU has developed a program to create a market of forwards that will provide some hedging currency risks in lending. Among other incentives banker calls the introduction of pension reform, which will create an institutional framework for long hryvnia. In any case, says Yuri Derevko, for a full resumption of lending will take time. "In all likelihood, this year's rapid increase in credit portfolios are not marked to be" - he predicts. On materials Economic News