Association of banks of Ukraine considers unacceptable political pressure on NBU

Independent Association of banks of Ukraine (NABU) speaks against political pressure on the national Bank of Ukraine (NBU) and the blocking penalty in favor of the state debts of the former owners of failed banks in respect of which conducted trials. This is stated in the statement of NABOO.

“NABU speaks to President of Ukraine Petro Poroshenko, Prime Minister Vladimir Groisman and Chairman of the Verkhovna Rada Andrew Parubiy requested to guarantee the independence of the National Bank and to prevent political pressure and not to participate in the blocking of the restoration of justice and return the money to the budget”, – said in a statement.

As noted in the statement, NABOO was sympathetic to the measures taken by the regulator to improve the banking system and supports the monetary-credit and monetary policy of the national Bank.

“Performed diagnostics and stress tests of all banks gave a positive result, as it is designed individually for each Bank program deficiencies. The vast majority of the shareholders of the existing banks have made commitments for recapitalization, which will strengthen the country’s financial system and accelerate the restoration of crediting of economy”, – said in a statement.

The NAB reports that in the last two years the NBU has submitted to law enforcement bodies 3,246 thousand applications totaling 248 billion.

Participants in the NAB are 62 existing banks, which generally cover more than 90% of the assets of the financial services market of Ukraine.