NBU discusses smaller state presence in Ukrainian banking sector with LSE representatives.

Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

The National Bank of Ukraine(NBU)discussed plans for a smaller state presence in the Ukrainian banking sector with representatives of the London Stock Exchange(LSE), Central Bank Governor Kyrylo Shevchenko told the Atlantic Council publication, adding that the strategy for the partial privatization of Ukraine's state-owned banks envisages that steps towards sales will begin no later than by the end of 2024.

Shevchenko said that a combination of digital innovations and growing public trust is enabling Ukrainian banks to expand their customer base and compete for new clients.

He recalled that at present, Ukrgasbank is working with the International Finance Corporation(IFC)and is the state-owned bank that is closest to partial privatization.

"An agreement is already in process and talks are now focused on technical aspects, with expectations of a successful closure," he said.

Shevchenko said that the Ukraine also expects an international financial organization to acquire a stake in Ukraine's largest state-owned bank, Oschadbank, but there is still significant work to be done to revise the relevant legislation and develop the bank's business model.

ТЕЛЕГРАФ В Украине вновь более 12 тысяч новых случаев коронавируса за сутки. ТЕЛЕГРАФ В Украине продолжает распространяться коронавирус. Так, на утро 24 ноября в стране за сутки уже подтвердили 12 287 новых случаев заболевания.
Багнет Штаб Байдена подтвердил запуск передачи власти в США. Багнет
InternetUA Netflix показал Рождественский ролик сериала "Ведьмак". InternetUA По случаю приближающихся новогодних праздников сервис Netflix опубликовал рождественский ролик сериала "Ведьмак".
ТЕЛЕГРАФ В Карабахе подорвали «миротворцев» России и делят землю: последние новости и карта. ТЕЛЕГРАФ В совместную группу по обмену телами погибших военнослужащих входили российские миротворцы, азербайджанские военные, сотрудники «МЧС» непризнанной «НКР» и представители Международного комитета Красного креста.
Апостроф Денег нет, но вы лечитесь: как в Украине бесплатно лечат от коронавируса/Шмыгаль говорит, что амбулаторное лечение должно оплачивать государство - практика показывает, что нет. Апостроф Шмыгаль говорит, что государство выделяет достаточно средств на закупку лекарств для лечения коронавируса. Но получить компенсацию за амбулаторное лечение невозможно.
Related news

Ukrainian banks see 23.4% decline in net profit in 10 months: NBU

Meanwhile, the banks' revenue was on the rise.

5 16

Ukrainian banks receive almost UAH 40B of net profit since year-start – NBU.

As of November 1, 2020, the net profit of Ukrainian banks amounted to UAH 39.828 billion, which is 23.4% less than in the same period last year, according to data provided by the National Bank of Ukraine(NBU).

4

Ukraine plans to get US$300 mln loan from World Bank to tackle pandemic fallout.

The funds will allow the government to attract additional funds to enhance social assistance and social services in Ukraine.

5 10

SkyUp resumes flights to Yerevan

Ukraine’s SkyUp Airlines has resumed flights from Kyiv to Yerevan(Armenia), which were suspended due to the conflict in Nagorno-Karabakh, the airline's press service reports.

5 1

Gas stocks shrink by 1.8% to 27.15 bcm over week

USFs were filled by 88% as of November 21, 2020.

5 4

PM Shmyhal: Measures to support business during quarantine to be finalized this week.

This week, the Ministry of Economic Development, Trade and Agriculture will finalize indicators on the support for industries affected by the coronavirus quarantine restrictions.

4

U.S. government designates companies subject to sanctions over Nord Stream 2 – media

The relevant report is expected to be presented to Congress within days or weeks.

6 3

Subsidies up 2.5 times during heating season – Social Policy Ministry

Almost 3 million households have received the relevant benefits in October alone.

6

Alpari analyst: Moderate growth in U.S. dollar exchange rate expected this week

Moderate growth in the U.S. dollar exchange rate against the hryvnia is expected this week, according to Vadym Iosub, a senior analyst at Alpari analytical company.

4 1

NBU joins Sustainable Banking Network

The National Bank of Ukraine(NBU)has joined the Sustainable Banking Network(SBN), which brings together financial regulators and banking associations from developing countries.

7 1