Ukraine to become regional financial hub in five years, NBU governor believes.

Newly-appointed Governor of the National Bank of Ukraine Kyrylo Shevchenko believes that Ukraine can become a regional financial hub in five years.

"The National Bank will continue to pursue its policy of cooperation with international financial organizations and investors. I believe that in five years Ukraine can become a regional financial hub, which investors from all over the world will seek to invest long-term funds in," Shevchenko said after President of Ukraine Volodymyr Zelensky introduced him to NBU’s staff, an Ukrinform correspondent reports.

According to him, the National Bank will continue to support the implementation of the main strategies of state-owned banks. To date, the corporate governance reform of state-owned banks is one of the most successful in the country. It is thanks to this reform that state-owned banks have become the most efficient institutions in the public sector.

"The main thing for the National Bank of Ukraine is to ensure macroeconomic stability and consistency of the financial sector," Shevchenko stressed.

On July 16, 2020, the Verkhovna Rada of Ukraine appointed Kyrylo Shevchenko to the position of the Governor of the National Bank of Ukraine on the proposal of the President of Ukraine Volodymyr Zelensky. Shevchenko became the eleventh governor of the National Bank in the history of independent Ukraine.

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