AUB News

On October 4, the Association of Ukrainian Banks took part in an important meeting organized by the National Bank of Ukraine with representatives of the TOP-30 largest banks in Ukraine. The discussion covered key issues affecting the banking sector and the country's economy, in particular: cooperation with international partners, financing of state needs, restoration of energy infrastructure and financial inclusion.

Among the most important topics:

• Cooperation with international partners: an agreement was announced with the IMF on the fifth revision of the Extended Fund Facility program, which will provide access to $1.1 billion in financing.
• Financing the country's needs: Banks are ready to actively raise funds in the domestic market without using equity financing. However, unpredictable tax policy poses certain risks.
• Energy recovery: loans worth UAH 8 billion were approved under a memorandum on preferential financing for energy recovery. The main obstacle to the implementation of projects is problems with connecting new energy facilities.
• Financial inclusion: the adoption of a new law on financial inclusion operators will open up opportunities for people to access financial services in remote regions and in areas close to the war zone.

On behalf of the entire banking community of Ukraine, UBA supports active cooperation with the National Bank in addressing the key challenges facing the Ukrainian economy.

Andriy Dubas, President of the Association of Ukrainian Banks, emphasized that active cooperation between banks, the state and international partners is a key condition for ensuring the country's stable economic development. He also noted that it is important to maintain confidence in the banking sector, especially in the face of changes in tax policy that may affect the investment climate.