NBU has fulfilled one of the requirements of the IMF

nbu 1

One of the structural beacons considered at a meeting of the financial stability Board

The financial stability Board at the meeting on 30 June approved the plans of the state banks to reduce the share of non-performing loans (NPL). The plans last for three years, reports the Chronicle.info with reference to RBC.

As noted in a press-service, approval of plans of state-owned banks to reduce the NPL means the fulfillment of one of the structural milestones of the cooperation program with the IMF.

The Board also considered risks that may arise due to the recognition unconstitutional the law “About system of guaranteeing deposits of individuals” (on the constitutional representation of the Supreme court).

The Council adopted a decision on the immediate establishment of a working group to develop an action plan to minimize possible risks to financial stability in the case of the adoption of the Constitutional court of Ukraine decision in this case.

Participation the meeting was attended by members of the financial stability Board: the head of the NBU Yakov Smoliy (March 15, 2018 to July 3, 2020), the managing Director of the Fund of guaranteeing the deposits of individuals Svetlana Rekrut, head of the National Commission on securities and stock market Timur Limp, head of the National Commission, carrying out state regulation of markets of financial services (Natskomfinuslug) Pashko, Deputy head of the NBU Catherine Rozhkov, Deputy head of the NBU Dmitry Sologub, the Deputy Minister of Finance Yuriy Gelati.