The Committee on Finance and Banking Activity recommends that the Parliament directs for the Further Elaboration the Bill of the Law on the Actions aimed at the Protection of the Citizens' Interests under the Conditions of Crisis on the Exchange Market of Ukraine

13 May 2009, 13:27

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The Bill (Reg.№3477) envisages that the banks and debtors-natural person should be allotted with the right according to the credit treaties concluded up to the 1st of October 2008 in foreign currency to conclude the agreements according to which, the debtors are able to pay by instalments in UAH according to the official course of the National Bank of Ukraine of UAH to the foreign currency on the period of the 1st of October 2008. National bank of Ukraine in its turn should repay expenses to the Banks.

During the meeting of the Committee it was declared that according to the article 5 of the Law "On Banks and Banking Activity" the state as well as the National Bank of Ukraine is not responsible for the banking engagements.

The Members of the Committee agreed the purchase of good is bilateral risk in any case and that currency risk are taken both by debtors and creditors hence the presence in such relations of the third party that must extinguish the loss is doubtful. Especially it concerns the consumer credits for the purchase of the goods that are not always of vital importance.

The adoption of the bill according to the People´s Deputies would lead to the forming of non-equal conditions for the citizens that form the consumers demand on the market and increase of the State Budget expenses etc.