On 24 November 2011, Governor of the National Bank of Ukraine Sergiy Arbuzov held a meeting with the senior management of the largest investment banks, financial and insurance companies within a framework of a two-day official visit to the Swiss Confederation. During the meeting Sergiy Arbuzov presented investment initiatives of the National Bank of Ukraine.

The representatives from the Swiss companies emphasized the relevance and importance of the visit and highly appreciated the openness of the National Bank of Ukraine and initiatives presented by the Governor of the National Bank of Ukraine. In particular, the information regarding the establishment of the Mortgage Fund and a mechanism allowing investors to participate in this program, as well as new monetary policy instruments have evoked keen interest. The potential investors confirmed their capability to increase the investment flow from the Swiss Confederation into Ukraine.

When giving answers to the questions put by the representatives from the Swiss companies, Governor of the National Bank of Ukraine Sergiy Arbuzov stressed:”We are monitoring the exchange rate situation and are not interested in the devaluation or appreciation of the hryvnia that is not in line with a country’s level of economic development.”

The sides remained satisfied with the outcome of the meeting and expressed their hope for further fruitful and effective cooperation.