First Ukrainian International Bank (FUIB, Kyiv) has joined the memorandum on restructuring consumer loans in foreign currency, proposed by the National Bank of Ukraine (NBU) and the Independent Association of Ukrainian Banks (IAUB), the bank said on the website.

"The political and financial crisis hit hard, most notably the borrowers of forex mortgage loans. From the very beginning we have started a dialogue with our customers to help them cope with the situation, offering repayment holidays and debt restructuring, conversion of loans into the national currency at a reduced exchange rate. Now, after the government had approved a number of important changes to the legislation of Ukraine, we can finally accede to the memorandum of restructuring foreign currency loans, proposed by the National Bank and the Independent Association of Ukrainian Banks," the press service said citing FUIB Board Chairman Serhiy Chernenko.

As reported, in May this year the NBU stated Ukraine enacted a memorandum on settling the issue of restructuring consumer loans in foreign currency, which was signed by more than ten banks.