The National Bank names the key parameters to ensure Ukraine’s financial stability.

Thursday, December 15, 2022
The National Bank names the key parameters to ensure Ukraine’s financial stability.

 Uninterrupted operation of the financial sector, support for crediting of working enterprises, and measures to strengthen monetary transmission are key areas of focus for maintaining financial stability in full-scale war conditions, according to the Financial Stability Council (FSC). It is noted that for the smooth operation of the banking sector the National Bank, together with the banking industry, is working on the Power Banking project. In particular to create a network of banks that will be able to operate even in the complete absence of electricity. At the same time, regarding lending, experts believe that it is time to review the 5-7-9% state loan program. It is advantageous to expand the range of financial instruments available to borrowers and, at the same time, optimize the program’s budget, which will help to make a gradual transition to participants in borrowing programs paying non-zero interest rates, say members of the FSC.

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