Today, 26 February 2014, Ukraine's acting President Oleksandr Turchynov has officially introduced Mr Stepan Kubiv, a new Governor of the National Bank of Ukraine, to the NBU staff.
“The banking system is the backbone of the economy. The restoration of confidence in the Ukrainian banking sector and hryvnia is the basis for further economic recovery and development of our country. The National Bank of Ukraine is the core of the country’s banking system. It is the key regulator and issuing center. How fast we will be able to emerge from the crisis and fully stabilize the domestic situation depends primarily on the well-designed policy pursued by the National Bank of Ukraine,” said Mr Oleksandr Turchynov.
According to Ukraine's acting President, the National Bank of Ukraine has always carried out its responsibilities in a professional manner. Presently, the restoration of public confidence in the country’s banking system, stronger banking sector's performance indicators, primarily, the expansion of bank deposit base, creation of a favorable environment to encourage investors to return to the Ukrainian market, measures to prevent the “shadow” outflow of financial funds from Ukraine are among the top priorities facing the National Bank of Ukraine.
“Stabilization of hryvnia exchange rate is undoubtedly a key issue that raises public concern. It is also the National Bank of Ukraine's priority area, being part of its broader efforts to achieve economic stability in the country. The new team is faced with strategic, ambitious tasks, the implementation whereof being crucial for the present and future of our country,” noted Ukraine's acting President Oleksandr Turchynov.
The Governor of the National Bank of Ukraine thanked for the confidence placed in him and assured the country's head of state, the National Bank of Ukraine's staff, the representatives of the banking community and banks' clients that he was committed to principles of openness and transparency. “At the same time, I would like to say that we have held meetings with foreign creditors, representatives from their treasuries to discuss the systems of governance, risks, and capitalization, as well as confidence in the country's banking system,” said Mr Stepan Kubiv.
According to him, the National Bank of Ukraine has recently held a series of meetings with the banks' senior managers over the market situation. “In the nearest future, the regulator, in cooperation with market players, is set to develop the principles, methods and techniques aimed to tackle the crisis,” said the Governor of the National Bank of Ukraine.
For reference
On February 24, 2014, by virtue of Resolution No. 4247 pursuant to item 18, Section I, Article 85 of the Constitution of Ukraine, the Verkhovna Rada of Ukraine has relieved Mr Ihor Sorkin of the post of Governor of the National Bank of Ukraine. By virtue of Resolution No. 4248, the Ukrainian parliament has appointed Mr Stepan Kubiv to this post.