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Ukrainian banks to receive necessary liquidity

February 27, 2014, 16:38 UTC+3 MOSCOW
"Financial and payment systems, which are of vital importance, operate normally," head of the National Bank Stepan Kubiv said
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NBU Chairman Stepan Kubiv

NBU Chairman Stepan Kubiv

© ITAR-TASS/Maxim Nikitin

MOSCOW, February 27. /ITAR-TASS/. Ukrainian banks will be provided with necessary liquid assets, including cash, but only if they will remain under open control of the National Bank of Ukraine, the newly-appointed NBU Chairman Stepan Kubiv is quoted as saying on the bank’s official website.

“Financial and payment systems, which are of vital importance, operate normally, as well as the open market operations do. The situation is under control. We are getting feedback from all of the country’s banks, regardless their size”, he said.

Kuvib stressed that the National Bank’s gold reserve includes high-liquidity assets. He mentioned such priorities of the Ukrainian banking system as the protection of clients’ interests, as well as the resumption of negotiations with external creditors, the International Monetary Fund in the first place, right after the country’s new government is formed and elaboration of a strict new plan for economic and financial reforms.

“We are very determined regarding the measures, which will be applied to those who break the mandatory requirements and are involved currency speculations. I am certain the National Bank's measures will calm the markets and the people and ease devaluation fears”, the bank’s chief said.

Kubiv finally added that the National Bank of Ukraine was ready to participate actively in the reforms’ blueprint elaboration and then to translate it into life.

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