AUB: A new procedure for the formation of reserves the banks have a negative impact on lending
Jul 30th, 2009 | By admin | Category: Main Newsnew procedure for the formation of mandatory reserves of banks have a negative impact on the process of resumption of lending to the economy, according to the website of the Association of Ukrainian Banks (AUB).
Banks noted that the new procedure for the formation of mandatory reserves will have a negative impact on banking activities, as well as the resumption of lending to the economy ... AUB has proposed to rescind the order of the partial formation of mandatory reserves of all banks in a special account at National Bank of Ukraine, leaving the order as measure the impact on banks that systematically violate the banking law, - stated in the report.
As reported, the National Bank has decided to oppose the devaluation of hryvnia by getting on a separate special account in the central bank 40% of the amount of mandatory reserves of banks. A central bank approved a decree on 21 July. It shall enter into force on 3 August.
According to UBA, meet the requirements of this Ordinance NBU will lead to a deterioration of liquidity of many banks and raise the rates on the interbank credit market.
Alternatively, AUB offers Ðацбанку provide payment of interest on the funds to be transferred to the banks spetsschet, or the possibility of refinancing the banks without paying interest on mortgage funds reserves at spetsschete.
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