Friday, October 28, 2011

NBU supports AUB regarding the prohibition of crediting of physical persons in a foreign currency

National Bank of Ukraine shared the arguments of the Association of Ukrainian Banks on the need to reduce the dollarization of the Ukrainian economy. This FINANCE.UA press office of AUB. "Today, when there is a significant accumulation of external and domestic debt in foreign currency by banks and their clients, National Bank considers it expedient to establish a permanent ban on the provision of foreign currency loans to individuals," - said a member of the NBU Board, Director General of Economic Department Igor Shumilo in a letter to the President of AUB Alexander Sugonyako. The NBU also specified that such measures are necessary "in order to neutralize threats to economic security in the banking sector", in connection with which the National Bank supports such a ban "on an ongoing basis in law." Based on materials FINANCE . UA

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