AUB and the Czech Banking Association have agreed to cooperate

President of the Association of Ukrainian Banks Oleksandr Sugonyako who participates in the XIX European Banking and Financial Forum in Prague (Czech Republic) held a business meeting with the leadership of the Czech Banking Association (www.czech-ba.cz), in particular with the Executive Director CHBS Joseph Tauber. The meeting was also attended Counselor of the Embassy of Ukraine in the Czech Republic A. Stativko. The leaders of the Ukrainian and the Czech Banking Association shared information about the situation in the banking industry in both countries, his vision of the causes and consequences of the financial crisis of 2008-2009. As well as experience of associations. President AUB A. Sugonyako briefed the leaders of the Czech Banking Association, with the main theses of his report on the European banking and financial forum, in particular, not adjustable with the lessons of the banks with foreign capital in Ukraine's banking market. He also spoke about the professional discussion, which began in Ukraine around looking for a new model of participation in the Ukrainian foreign economic strategy of the bank capital, and noted the need to consolidate the Ukrainian banking industry around the interests of the national economy. Following the discussions with the leadership of CHBA, A. Sugonyako noted that the experience of the Czech banking sector is extremely interesting and may prove useful for Ukraine, because the banking system of the Czech Republic very successfully survived the global financial crisis. As reported by the Ukrainians leaders of the Czech Banking Association, no bank in the Czech Republic during the crisis not only bankrupt, but did not become unprofitable. Foreign banks, which owned 95% of the capital of the banking system in the country, the Czech Republic played by local rules: make loans only in local currency - CZK, financing the real economy, in particular, provide loans to small and medium-sized businesses have lower interest rates on loans and Margin on average less than 3%. And thus harmoniously entered in the national economic policy. In the Czech Republic was not a credit boom before the crisis (in particular consumer and mortgage), or drop during it. Compliance with the moderate and rational behavior on the part of banks, regardless of the origin of their capital in the Czech Republic tightly monitors the regulator of the banking market - People's Bank of the Czech Republic. According to the President of AUB, Czech experience confirms that the proper regulation of the banking industry to ensure its compliance with the interests of national economy and proper control of it by the state is the key to financial and banking stability and public confidence in banks. In addition, the leaders of the Ukrainian and the Czech Banking Association found a complete understanding on the topical issue of the need to contain all the stakeholders of the banking market of professional ethics and rules of fair competition, including in times of crisis. In particular, phenomena such as the struggle of different parts of the banking industry against each other or disregard the legitimate interests of our clients for their own profits, by their general opinion, is absolutely nedopustimimi. According to A. Sugonyako in this regard for AUB may be useful to the Czech experience of adoption and implementation of an ethical code of Bankers, introduced the Czech Banking Association. AUB leaders and CHBA agreed to further support the mutually beneficial contacts and cooperation between associations.