The Committee on Financial Policy and Banking recommends that the Verkhovna Rada adopt in the second reading the draft laws on banks capitalization and restructuring and on prohibiting recovery of property of foreign currency borrowers

Information Department of the Verkhovna Rada of Ukraine Secretariat
27 December 2014, 15:01

At December 27 meeting, the Committee members considered bills on measures aimed at promoting banks capitalization and restructuring (Reg. No. 1564) and on amendments to the Law "On moratorium on recovery of property of Ukrainian citizens provided as collateral for foreign currency loans" re strengthening rights of borrowers (Reg. No. 1610) which were prepared for the second reading.      

With consideration of several technical amendments, people's deputies unanimously upheld the bill on recovery of property of foreign currency borrowers. 

When considering the bill on banks capitalization and restructuring, the Committee members, together with representatives of the National Bank of Ukraine, the Deposit Fund Guarantee, the Ministry of Finance, and other governmental authorities considered over thirty amendments, majority of which were upheld.

Summing up the discussion, the Committee's Chairperson S.Rybalka claimed that among all draft laws these two are the most urgent for stabilization of the banking system of Ukraine and for receiving loans of international financial organizations.