Reforming of bank market

On Friday, the head of the National Bank of Valeria Gontareva the first time since his appointment met with journalists from leading media. She talked about plans for the year, bank stress tests, cooperation with the IMF and the hryvnia exchange rate, administrative action in the currency market and the Russian banks in Ukraine, about the features of work in the area of ​​ATO and the possible elimination of the Financial Services Commission. 

15 largest banks passed the stress tests with no surprises. Testing of 20 more continues. These 35 banks account are 80% of total banking assets. These financial institutions create stability in the entire sector and remove systemic risk. 

It should be understood that the NBU can give market participants liquidity, but not capital. Therefore, the program will create a recapitalization of banks that provided a memorandum of cooperation with the IMF and the agreement with the World Bank, which, incidentally, confirmed the readiness to give us $ 500 million for financial stability, in particular to support the Deposit Guarantee Fund. From now on, including through changes in legislation, we need not worry that the Deposit Guarantee Fund will not have enough money.