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5–7–9 loan program is failing to boost business

When it was introduced in January 2020 at President Volodymyr Zelensky’s initiative, the 5–7–9% loan program was heralded as a way of making …
Max Hunder

Digital banking sets new standards for old-school banks

Digital banks entered Ukraine’s financial market in 2017, shaking up the domestic banking sector. Known as neobanks, these online banks are fast, …
Daryna Antoniuk

Ukraine inching closer to launch digital e-hryvnia

As the world’s economies are becoming tech-powered, banks realize that the future of money will be increasingly digital. To crack into this field, …
Daryna Antoniuk

RFE/RL: Ukraine launches terror-financing probe into bank loan after RFE/RL report

Ukrainian prosecutors have opened a terrorism financing investigation after it emerged that the country’s state-owned export-import bank lent tens of …
Radio Free Europe/Radio Liberty

NBU downgrades Ukraine’s GDP growth forecast to 3.1%

The National Bank of Ukraine revised the country’s economic growth forecast for 2021 from 3.8% to 3.1%, head of the central bank Kyrylo Shevchenko …
Dylan Carter

Kyiv court throws out labor union’s complaint against PrivatBank

Kyiv’s Pechersk District Court dismissed the PrivatBank labor union’s complaint against the bank in an Oct. 20 decision. In its September court …
Thaisa Semenova

Parliament passes law to strengthen central bank’s independence

The Ukrainian parliament passed a law to strengthen the independence of the National Bank of Ukraine (NBU) on Oct. 19, fulfilling part of Ukraine’s …
Alexander Query

Ukrainian banks perform well in stress test

The National Bank of Ukraine has concluded its 2021 sustainability stress testing of banks in Ukraine. The results demonstrated that the Ukrainian …
Dylan Carter

Supreme Court ping-pongs PrivatBank v. Surkis case between departments

A $350 million dispute between state-owned PrivatBank and the oligarchs Ihor and Hryhoriy Surkis is stuck bouncing between two courtrooms. The Grand …
Anna Myroniuk

UkrInform: In July, insolvent banks receive over Hr 147 million from Guarantee Fund

Receipts of funds to banks liquidated by the Individual Deposit Guarantee Fund in January-July 2021 amounted to Hr 1,377.7 million, of which Hr 147.2 …
UkrInform

Ukraine central bank expects no tough quarantine, no significant losses for economy

In the baseline scenario, the National Bank of Ukraine (NBU) expects an outbreak of diseases in the autumn, but does not predict the introduction of …
Interfax-Ukraine

Ukraine’s central bank buys $26 million on interbank FX market this week

The National Bank of Ukraine (NBU) in the period from August 9 to August 13, bought $25.5 million on the interbank foreign exchange market, while a …
Interfax-Ukraine

Sologub: ‘There is growing understanding that things at NBU are not going well’

When Dmytro Sologub came to the National Bank of Ukraine in 2015, he said it was like being in the eye of the hurricane. The banking system was an …
Igor Kossov

Kira Rudik: Soviet school of economics triumphs in Ukraine

Institutions are incompatible with manual management. Corporate governance is incompatible with a regulated economy. During the last two months, …
Kira Rudik

Wave of resignations raises concern about central bank’s governance

Another exodus of high-ranking employees from the National Bank of Ukraine has raised concerns about its future. A dozen employees, including several …
Liza Semko
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Igor Kossov

Central bank department resigns, complains about clampdown on autonomy

The entire management team of the National Bank of Ukraine’s licensing department resigned on June 30, saying the bank’s leadership has become …
Liza Semko

Banking sector recovers from crisis, faces inflation threat

Ukraine’s banking sector has not withered under the strain of the economic crisis. Reports from the National Bank of Ukraine showed that the banks …
Alexander Query

Sergii Leshchenko: Bank fraud is perennial, unpunished in Ukraine

The other day it became known that a top suspect in the $5.5 billion fraud case of PrivatBank, former Chief Executive Officer Oleksandr Dubilet, is …
Sergii Leshchenko
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