: :inin Kyiv (EET)

NBU to completely cleanse banking system by year-end

Ukrainian banking system will be completely cleansed from fraudulent and insolvent financial institutions by the end of this year.
This was stated by first deputy governor of the NBU Oleksandr Pisaruk at the round-table meeting, an Ukrinform correspondent reported.
“We hope that this year this process [cleansing of the banking system] will be finished. I want to note that we have no guidelines on how many banks should operate in Ukraine,” Pisaruk said.
Director of the NBU department for methodology Natalia Ivanenko added that the regulator wants to expand the list of the related parties.

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