For the first time, the National Bank of Ukraine has lifted the special supervision procedure enforced for the bank ahead of schedule. An overseer was appointed to the bank when it was placed under special supervision.

Director of the General Department of Banking Supervision Alla Shulha has said that the move is the result of joint efforts by the National bank of Ukraine and the bank's owners.

"As a result of these measures, the bank's shareholders managed to sustain the bank by increasing its authorized capital and expanding the bank's funding base, she said. – All these measures enabled the bank not only to improve performance indicators but also to meet its obligations to depositors and other creditors in a timely manner and to repay the loan (loan granted to the bank to preserve its liquidity) to the National Bank before it falls due.

In view of the above, the National Bank of Ukraine adopted a decision to lift the special supervision procedure enforced for the bank ahead of schedule.

At the same time, Alla Shulha expressed hope that it would send a positive signal to other Ukrainian banks' shareholders and owners and encourage them to take measures to ensure financial stability of their banks.