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NBU calls for EBRD and IFC to bail out Oschadbank and Ukreximbank
Journal Staff Report

KIEV, March 14 – National Bank of Ukraine Governor Valeriya Gontareva supports the sale of some shares in state-run Oschadbank and Ukreximbank to the European Bank for Reconstruction and Development or the International Finance Corporation, the NBU has written on its Facebook page, referring to the results of a meeting last week between top NBU and EBRD managers.

"Investment by the EBRD or the International Finance Corporation in Ukrainian state-run banks is important. This will improve the quality of the banks' corporate management. It will also facilitate the reorganization of Oschadbank into a real retail bank that will work with the public and with small and medium-sized enterprises. The step would also allow Ukreximbank to support foreign trade transactions," the NBU said.




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