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Planned NBU rules would protect banks against early withdrawals
Journal Staff Report

KIEV, Aug. 27 – The National Bank of Ukraine plans to protect banks from early withdrawal of funds on fixed deposits by amending a procedure for carrying out deposit transactions with legal entities and individuals by Ukrainian banks, said Viktor Kravets, NBU executive officer for payment systems and settling payments.

“If deposits are fixed, the fixed term should pass… When deposits are signed for three years, and in two days depositors come and withdraw money – this is not a deposit, but the current account regime,” he told Interfax-Ukraine.




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