Deputy Chairperson of the Committee Ruslan Demchak, Committee Secretary Maksym Poliakov, as a well as representatives of the initiative group NGO “Kredytnyi Maidan”, Public Council at the NBU, representatives of the largest commercial banks, National Bank of Ukraine, National Association of Banks of Ukraine, as well as Ministries of Finance and Justice were in attendance at the meeting of the working group under chairmanship of the Deputy Chairperson of the Committee Denys Dzenzerskyi.         

D. Dzenzerskyi informed that yet the Verkhovna Rada of the seventh convocation tried to legislatively settle the problem of foreign currency borrowers. This issue was frequently discussed in the Committee which became the only platform for elaboration of a compromise decision.   

Deputy Chair of the Committee informed those present that the people’ deputy Ruslan Kniazevych has referred the proposal to reject the bill “On restructuring foreign currency commitments” (Reg. No. 0960), adopted in the first reading, which was one of the main requirements of “Kredytnyi Maidan”. According to D. Dzenzerskyi, the initiative of R.Kniazevych will be supported by the specialized Committee in the nearest time and referred to voting to the parliamentary session hall.                

The Parties exchanged ideas and discussed possible variants for holding restructuring of foreign currency loans. Ruslan Demchak in particular noted that the abovementioned issue should be considered as a single set and interests of all the interested parties should be considered.      

Representatives of the public insisted that interest rate on foreign currency loan, as well as dollar rate should not exceed the one prescribed in the credit agreement at the moment of its signing.

Representatives of banking sector expressed readiness to make compromise when resolving the problem. However, they deem that the scope of the law should not be applied to all categories of borrowers and not to all loans.                   

D. Dzenzerskyi noted that the issue of social loans must be settled at a state level. “Banks and borrowers cannot be the only one burdened with social responsibility. This is our common problem and financial responsibility that must be shared between all the participants of the process: banks, borrowers and the state,” underlined Deputy Chair of the Committee.         

Following the results of the meeting, the agreement was reached to elaborate a single adjusted version of the bill on restructuring foreign currency commitments on the basis of proposals of all the parties that shall be consider by the Committee during one of its nearest meetings.

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