Association's member banks signed a Memorandum on lending for the restoration of energy infrastructure: AUB's participation in the Banking Forum
On June 25, Andriy Dubas, President of the Association of Ukrainian Banks, and representatives of AUB member banks took part in the Banking Forum organized by Ekonomichna Pravda. This was the first such forum since the beginning of the great war, bringing together representatives of regulators, banks, business and government to discuss the most important issues of the banking sector.
The main topic of the forum was to discuss the state of the banking system and its adaptation to the war. The event was attended by Andriy Pyshnyi, Governor of the National Bank of Ukraine, and his deputy Dmytro Oliynyk, Chairman of the Tax Committee of the Verkhovna Rada, Danylo Hetmantsev, Deputy Director of the Deposit Guarantee Fund, Olga Bilai, Chairman of the Board of FUIB, Serhiy Chernenko, Chairman of the Board of OTP Bank, Volodymyr Mudryi, Deputy Chairman of the Board of Raiffeisen Bank, Larysa Bondarieva, Deputy Chairman of the Board of Sense Bank, Olena Zubchenko, Deputy Chairman of the Board of Ukrsibbank, Natalia Savchuk, members of the supervisory boards of banks, representatives of specialized associations, and others.
During a conversation with Mykola Maksymchuk, acting editor-in-chief of Ekonomichna Pravda, NBU Governor Andriy Pyshnyi spoke about the NBU's monetary policy, answered questions about the reasons for the banks' profitability last year, and reported on the first results of currency liberalization.
Andriy Dubas took part in a panel discussion on the state of the banking sector in the third year of the war, banks' financial results in 2023, changes in their assets, and the role of deposit certificates and government bonds. The panelists also discussed the impact of retrospective taxation of banks and the tax increase to 25% on the regulatory environment and strategic planning.
During the first panel discussion, representatives of banks shared their observations on changes in their business models caused by the war and discussed the adaptation of regulatory policies to the new environment. In particular, the NBU noted that the role of traditional stress tests of the banking system has now decreased due to the increase in the share of risk-free assets, such as government bonds and certificates of deposit.
At the end of the event, 17 of the largest Ukrainian banks signed a Memorandum on lending to energy infrastructure restoration projects. The Memorandum was signed by Raiffeisen Bank, UKRSIBBANK, OTP Bank, FUIB, Oschadbank, Ukreximbank, and others. It is important to note that among the signatories of the Memorandum, 6 banks are members of the AUB: JSC A-Bank, JSC MTB, JSC PRAVEX BANK, JSC Ukrgasbank, JSC Ukreximbank, JSC CB GLOBUS.
The signing of the Memorandum demonstrated the willingness of the banking sector to actively support the country's energy recovery in a difficult time.
The participation of the AUB members emphasizes the active position of the Association of Ukrainian Banks in supporting the stability and development of the banking system of Ukraine.