But while some new products will simply take
time to settle in, major changes will require a change in mentality from
both the monetary authorities and the man on the street.
“Liqudity is tight. Access to refinancing from the central bank is difficult. Interest rates on interbank market are quite high,” Francois Girod, head of capital markets at Ukrsibbank, listed the banking sector’s ailment.
The current monetary policy is a big burden, Joannier confirmed, but the lack of necessary instruments is also holding the sector back.