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Ukraine : UKRAINE central bank continues to maintain strength through unrest

June 26, 2014



On Wednesday, Governor of the National Bank of Ukraine Stepan Kubiv announced that despite unrest in several areas in the east and south of the country, the central bank will continue to operate and maintain its strength.

During the Ukrainian Verkhovna Rada session, Kubiv commented Despite the terrorists seizures of the National Bank of Ukraine s regional offices in the Autonomous Republic of Crimea and Donetsk region as well as their numerous acts of assault on banks, the banking sector in Ukraine will continue to operate, protect its depositors and finance the economy.

In addition, he stated that the government would persist to guard the country from a serious outflow of deposits. Despite the terrorists seizures of the National Bank of Ukraine s regional offices in the Autonomous Republic of Crimea and Donetsk region as well as their numerous acts of assault on banks, the banking sector in Ukraine will continue to operate, protect its depositors and finance the economy, Kubiv further added.

According to Kubiv, the April deal with the International Monetary Fund and the opening of a $17 billion line of credit have been critical for compensation of the financial system. At the same time, we gradually increase the transparency of our relationships with the society and the business community, Kubiv concluded.


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Source: TendersInfo (India)


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