President of Ukraine: Situation in banking system and macro-financial situation are being generally stabilized

President Petro Poroshenko underscores stabilization of the banking system and macro-financial situation in Ukraine.

According to the President, the terms of receiving the IMF tranche did not change. He assured that it would be received.

The Head of State urged journalists to be responsible in the distribution of information, verify it thoroughly and rely on the authoritative source in the coverage of Ukraine’s cooperation with the IMF, assessment of the work of the National Bank of Ukraine and formation of the Board of the National Bank of Ukraine.

The Head of State informs that currently the Memorandum with the International Monetary Fund is now being discussed. “Despite the position of several irresponsible politicians who informed that the Memorandum had already been signed by the President,” he said.

The President also commented on the situation in the banking sphere and the activity of the National Bank’s leadership: “Governor of the National Bank of Ukraine is a professional who ensures stability of the banking system”.

At the same time, the Head of State noted that “we are reaping the fruits of irresponsible banking policy that began in 2008, the fruits of crisis and war, when the borrowers remained in the occupied territories and are not able to serve clients' deposits”. In this context, the President stressed the importance of making professional and responsible decisions that lead to stabilization and recovery of the banking system of Ukraine.

The President noted that “today, we have all grounds to say that the situation in the banking system is being stabilized, just as the macro-financial situation”.

According to the Head of State, Ukraine increases gold and foreign currency reserves, stabilizes exchange rate and carries out efficient inflation targeting.

“In the nearest time, in June, the National Bank will be ready to adopt a decision on the lifting of restrictions on the payment of dividends to investors for 2014 and 2015. In conditions of improving investment climate, it will be a long-awaited decision that solves a great number of problems,” the Head of State emphasized.

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