Ukraine’s banking sector is emerging from a period of unprecedented chaos, with dozens of banks declared insolvent by the central bank and billions in deposits disappeared. The Kyiv Post held a discussion on May 24 at Kyiv’s Fedoriv Hub to hash out the questions that surround this: What needs to change for bank to restart lending? What could the National Bank have done better? Was it necessary to nationalize PrivatBank? Panelists included NBU Financial Stability Chief Vitaly Vavryshchuk, EBRD Ukraine Country Director Sevki Acuner, Oschadbank Restructuring Chief Iryna Mudra, Pravex Bank CEO Taras Kyrychenko, Deposit Guarantee Fund Asset Management Head Taras Yeleyko, and Ukrsibbank Deputy Chairman for Retail Konstantin Lezhnin. Redcliffe Partners law firm Managing Partner Olexiy Soshenko moderated the discussion. Former NBU Deputy Chief and current IMF Alternate Director Vladyslav Rashkovan gave an introduction speech.
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