Finance ministry opposes initiative to create agency to manage state-owned banks
Ukrainian Finance Minister Oleksandr Danyliuk has said that the idea to create an agency to manage state-owned banks is not efficient, but the ministry is mulling the creation of a fund to manage them, he said at a press conference in Kyiv on Thursday.
"I do not support the idea of creating the agency [to manage state-owned banks]. This is a hopeless modal. However, the possibility of creating a fund that would manage [state-owned] banks could be considered," the minister said.
He said that the more important issue is the drawing up of an effective strategy for state-owned banks.
"We have a working option. It is under discussion. This strategy does not answer all questions. My decision was to work more to find an option that would answer all questions," he said.
Advertising
Advertising
MORE ABOUT
Banking network, after growing in Q4 2023, narrows again in Q1 2024 – NBU
20:37, 19.04.2024
Share of banks' NPL decreases by 0.16 p.p. in Feb
21:54, 01.04.2024
Ukraine expects receipt of $1.5 bln under World Bank's DPO by late March – Ministry of Finance
11:16, 27.03.2024
Ukraine, under IMF program, by June will appoint intl consultant to prepare Ukrgasbank and Sense Bank for sale
20:57, 25.03.2024
USA imposes sanctions on Russia's National Payment Card System, several banks
20:59, 23.02.2024
LATEST
After opening of sea exports, Metinvest increases workload of factories, directs efforts to retain teams – HR Director
20:17, 06.05.2024
Kamet Steel plant carrying out major overhaul of cable rack at coke chemical division for uninterrupted power supply
19:52, 06.05.2024
Business expectations in Ukrainian construction market in Q2 decrease by 1.1 pp – statistics
19:16, 06.05.2024
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU
13:58, 06.05.2024
NBU develops alternative scenario in case of higher security risks with GDP growth in 2025 by 3.3%