Tuesday, August 4, 2009

President draws NBU Chairman's attention to pressing issues of banking sector

President Victor Yushchenko wrote a letter to National Bank Chairman Volodymyr Stelmakh requesting him to urgently address a number of problems of the banking sector sector.

The first issue the President was concerned about is significant increase of threat to stability of national currency. Second, noted Victor Yushchenko, untimely fulfilling of their obligations to customers by banks prevents proper functioning of the banking system and restoration of citizens' confidence in them. Separately President Yushchenko pointed to slow recapitalization of banks.

"I request you to adopt the action plan addressing these issues at a meeting of the National Bank Board in a week period, publish it and to inform me and the public about its implementation", said the President in the letter.