National Bank in May, will introduce an index of deposit rates

Director of the Department's foreign currency reserves of the National Bank of Ukraine Alexander Dubihvost said that the regulator in May, will introduce an index of deposit rates He said this today in Kiev at the round table. He noted that the mechanism will be introduced, to enable installation of floating rates, including for mortgage or loan for construction. "With the 20's numbers begin testing until the end of May to begin operation of the index of deposit rates, which will become the basis for the introduction of floating rates ... We introduce the index, provide an explanation banks how to use it, it can be used for mortgage lending, and by the developers in the issuance of bonds, bond loans, "- he said. In addition, he said, the NBU with commercial banks prepare and submit to the Verkhovna Rada a series of bills aimed at protecting the rights of creditors. According Dubihvosta, as of April 12 corr banks are more than 16 billion USD in banks' vaults - about 15 billion USD in cash. The banks have invested 14 billion USD in Certificates of Deposit National Bank and 63 billion USD - in government bonds. "So we see that the liquidity of the banking system in UAH is quite high, but banks do not send this liquidity for lending to the real economy, and on investments in government securities, monetary instruments of NBU. Again, increasing consumer short-term lending, "- noted the director of the Department of the NBU. Source: Interfax-Ukraine, RBC-Ukraine.