News 2 - The Committee on Finance and Banking recommends that the Parliament adopts the Bill "On Amendments to certain Legislative Acts of Ukraine" (re Prohibition of Unilateral Alteration of Deposit Contract and Credit Contract by Bank) as a Basis - Verkhovna Rada of Ukraine

The Committee on Finance and Banking recommends that the Parliament adopts the Bill "On Amendments to certain Legislative Acts of Ukraine" (re Prohibition of Unilateral Alteration of Deposit Contract and Credit Contract by Bank) as a Basis

Published on 03 December 2008, at 17:32

The Bill (Reg. No.3343) was elaborated in order to protect rights and legitimate interests of clients of banking institutions. It is aimed at prevention of unilateral alteration of deposit and credit contracts.

Thus, the Bill introduces amendments to the Civil Code and the Law "On Banks and Banking Activity", pursuant to which, "banks are prohibited to alter the contracts concluded with the clients, increasing the interest rate due to credit contracts or reducing the rate due to deposit contracts".

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