Ukraine: National Bank provided a new way for lending support
The Council of the National Bank of Ukraine provided a new additional mechanism of refinancing of banks to support crediting processes, reported the press-service of Raiffeisen Bank Aval JSC on April 8.
In particular, the reporting financial institution is considering the usage of such mechanism in the nearest future for crediting of agricultural producers.
According to Volodymyr Lavrenchuk, Chairman of the Board of the Bank, professionalism and constructive position of the new management of the National Bank is the basic factor which restores confidence of banks to a transparent and predictable business environment, and meets expectations of international investors, especially the International Monetary Fund, which credit may come in the nearest future.
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