The National Bank of Ukraine (NBU) pointed out inflation targeting, currency liberalization, consolidation of banks, resumption of crediting and settling the issue of troubled loans as its top priorities for 2016-2017, the central bank has reported on its website.
“The financial sector reform is the most successful and large-scale in Ukraine… We are creating the reliable groundwork on the way to the stable and flexible financial system,” Deputy NBU Governor Vladyslav Rashkovan said.
Among top priories are also new supervision, cashless economy, Prostir payment system, corporate management, division of regulatory functions and the implementation of the state-run bank strategy.
“The NBU jointly with the banking system and the Ukrainian economy passed an ideal storm in 2014-2015. The macroeconomic stabilization measures taken helped to overcome crisis trends and start reloading the banking and financial sector in general,” the NBU said.
Rashkovan said that the further successful implementation of the comprehensive financial sector development program until 2020 requires support of Ukraine’s Verkhovna Rada: over 20 financial bills have been registered in parliament.
