UCBU concerned at the refusal of the executive service to execute court decisions on forced collection of debts in foreign currency

Association "Ukrainian Credit-bank Union" concerned at the refusal of the state executive service of court decisions on forcible collection of debts in foreign currency. This is stated in the message UCBU. According to the report, the executive service motivated refusals to execute such decisions of the courts so that they do not have accounts in foreign currency for crediting the award. "Contrary to law" On Enforcement Proceedings "State executive office refuses to open a production executive with respect to collection of debts in foreign currency because of the lack of GIS accounts to be credited exacted currency", - said the association. UCBU emphasizes that in this context, the effectiveness of the enforcement of judicial decisions is reduced, and this leads to the tort creditors. Such actions of the State Executive Service, as the association create artificial obstacles to the return of the banking system credit resources. UCBU believes that the executive office has no reason to refuse the execution of court decisions on forced collection of debts in foreign currency. Association asks Justice Department to provide the authorities GIS clarification on the mandatory execution of such judgments. As reported, according to the National Bank, the share of problem loans to total loans granted by Ukrainian banks on March 1, 2011 amounted to 11,2%, or 85.372 billion hryvnia (total loans as of March 1 - 763 802 000 000 hryvnia). Materials: Interfax-Ukraine