After three-year clearing, the banking system of Ukraine underwent qualitative changes and is ready for growth, Governor of the National Bank of Ukraine Valeria Gontareva said during the conference with the participation of governors of central banks of the member countries of the International Monetary Fund and World Bank, Finance.ua reports.
“We are confident that now, after three years of the constant job, the landscape of the banking system underwent qualitative significant changes, and the foundations for the growth of healthy financial sector were laid”, as Gontareva wrote on NBU’s page in Facebook.
NBU Governor focused attention on those conditions, in which Ukraine was before the beginning of “big banking clearing” and emphasized the lack of options and alternatives of those conditions, which they had to implement.
Gontareva also shared experience of simultaneous conducting of stress testing, clearing and implementation of new standards of regulation with colleagues.
In the course of clearing of the banking system for 2014-2016 and the beginning of 2017, the National Bank of Ukraine approved the decision on putting 90 banks out of market. 33 banks became insolvent in 2014, other 33 – in 2015, 21 – in 2016 and 3 – in 2017.
