KYIV, Nov 19 – The National Bank of Ukraine (NBU) does not see a threat to the current account of the balance of payment from the rapidly growing consumer lending, First Deputy NBU Governor Kateryna Rozhkova has said.
"From the point of view of financial stability, because a substantial part of consumer loans is spent on the purchase of imports, these volumes do not put pressure on the current account. Would they influence it in the future? We believe that there will be again no significant pressure on the current account," she said at the Fitch Ratings Annual Conference in Kyiv on November 15.
|