Azarov Government plans to establish a bank promotion

The Cabinet of Ministers intends in 2011-2012 to create a bank to promote and as state insurance companies. This is stated in the Ministry of Economy developed the project "Strategies for financial sector development in Ukraine till 2015". The government plans to reform the system of public financial institutions, specialized financial institutions. According to the plan officials, these institutions will have to allow non-administrative regulation of financial flows to support the development priorities and reform of the strategically important sectors of national economy. This kind of alternative ways to market lending. "The system will consist of such specialized public financial institutions like Bank of Development Assistance (activities will focus on lending to socially important projects), the state foreign trade bank (Ukreximbank), Government Savings Bank (Oschadbank), the state mortgage agency, government leasing companies, state insurance company, etc. "- the document says. According to" Delo ", President Viktor Yanukovych has announced plans to establish a public land bank which will primarily provide loans for rural areas. According to the head of state land bank will be established later this year.