17:52 08.02.2016

Strategy of state banks development aimed at attracting IFIs in their capital by late 2019

1 min read
Strategy of state banks development aimed at attracting IFIs in their capital by late 2019

The strategy of development of state-owned banks, developed by the Ministry of Finance together with the National Bank of Ukraine (NBU), is aimed at attracting international financial institutions (IFI) in the capital of banks by the end of 2019, Deputy Finance Minister Artem Shevalev has said.

"The strategy of development of state-owned banks is aimed at providing international investors and, first of all, international financial institutions with access to their capital. The deadline is by the end of 2019," he said at the round table "The strategy of development of state-owned banks in Ukraine" in Kyiv.

At the same time, Shevalev said that the key priorities of the document are clearly defined, and the delay in its adoption is related to the fact that the main elements of the strategy are incorporated in the updated memorandum with the International Monetary Fund (IMF), which has not been passed.

The official stressed that the main priority remains corporate governance in the public sector, operating result, which depends on the efficiency and transparency of governance and oversight, ranks second.

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