The banking sector reform has been the most successful reform in Ukraine. No other sector thus far has undergone such deep institutional transformation. The success of the reform has been internationally recognized.
Privatbank case was the pivotal case of the entire banking sector reform. Privatbank’s resolution served as a test on whether the same rules apply to everyone or whether, as for many years before, there can be exemptions. The NBU and the government passed the test showing that with respect to the long-term health of the banking sector there should be no compromise.
