During a regular conference at the National Bank of Ukraine held on 28 April 2015, bankers discussed the money market developments and the current situation in the banking sector.
At the beginning of conference Valeriia Gontareva, Governor of the National Bank of Ukraine, reported the results of the visit of an official Ukrainian delegation to Washington attending an annual Spring Meeting of the IMF and the World Bank Group, and spoke about a substantial support from international financial community of reforms launched in our country.
‘In Washington, we had meetings with our colleagues from central banks of China, Sweden, Poland, the Netherlands. We also met with the IMF Managing Director Christine Lagarde and representatives of the IMF Mission to Ukraine arriving to our country on 12 May. Everyone has noted a substantial progress Ukraine makes in reformation of economy in general and financial sector in particular. Such a praise of our efforts by international community proves that we chose the right path and encourages us to make further active steps in this direction’, Mrs. Gontareva said.
According to Valeriia Gontareva, stabilization of situation on foreign exchange and deposit markets facilitates gradual liberalization of individual deposit market and abolition of a number of restrictions on foreign exchange market.
Thus, the National Bank has proposed a reduction of the tax rate for individual deposit yield from 20% to 15% for consideration by the Finance Ministry and IMF. In order to compensate the expected budget revenues in 2015 the National Bank proposed a 15% tax rate for all forms of passive individual income, including dividends and yield on government securities.
In addition, Valeriia Gontareva spoke about the arrangement with the Governor of the People's Bank of China to prolong the foreign exchange swap agreement for another 3 years and her upcoming trip to Shanghai where she will sign this important agreement which enables us to finance commercial contracts, investment projects, etc. During her visit the Governor of the National Bank of Ukraine also plans to meet with potential Asian investors intending to invest in Ukraine’s banking sector.