10-12-08
Ministry of Finance and NBU Elaborate a Plan on Prevention of Credit Losses

A high risk of credit losses has forced the National Bank of Ukraine, the Ministry of Finance and the country’s banks to elaborate a plan of joint actions for re-structuring of the borrowers’ debts. If the participants of the credit market agree with the terms of a corresponding memorandum, NBU will be able to lower the capital adequacy norm, while the Ministry of Finance will provide tax rebates to those banks, which sign the memorandum.