While attending the Annual Meeting of the EBRD Board of Governors, which was held in Warsaw, Governor of the National Bank of Ukraine Stepan Kubiv gave a presentation for investors together with other members of the Ukrainian delegation led by Minister of Finance of Ukraine Oleksandr Shlapak.
Mr Stepan Kubiv described this year's Annual Meeting as a landmark event for Ukraine and its banking and financial system, pointing out that the Raiffeisen Bank International Group, the Group of the Polish capital and other investors, which had earlier announced their intention to leave the Ukrainian market, had confirmed their commitment to operating in the Ukrainian market and expressed an interest in investing in Ukraine's economy
The Governor of the National Bank emphasized that the Ukrainian authorities were determined to push through reforms and follow the recommendations provided by the IMF, the World Bank and the EBRD with regard to the financial and banking sector reform process and greater reliability of the financial and banking system, whose key features were solvency, transparency and advanced corporate governance.
In addition, Mr Stepan Kubiv said that the National Bank of Ukraine was committed to adhering to the principle of information openness, disclosing information about the owners of qualifying holding in a bank and publishing it on the NBU's official website.
“We are determined to put the banking system on a path of fast, qualitative, efficient and transparent development towards financial stability and solvency. These characteristics are already evident in the Ukrainian market and will be further reinforced," said the Governor of the National Bank of Ukraine.