At the Ukraine Financial Forum, hosted under the Vienna Initiative, National Bank of Ukraine (NBU) governor Valeria Gontareva, in Kiev to take stock of key reforms in the country’s banking sector said that “Ukraine needs to develop mechanisms to resolve non-performing loans (NPLs) generated in 2008-2015. To restart bank lending, Ukraine also needs creditor rights enforcement as well as implementation of judicial reforms. We are committed to continuing with financial sector reform. What we can also promise to the banking sector is that there will be a level playing field for all banks. We will deliver a stable environment and lower interest rates as inflation comes down.”
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