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Automatically translated version. May contain inaccuracies compared to the original.
In the NBU, requirements for banks are being strengthened and foreign investors are urged to buy military bonds.
The new head of the National Bank of Ukraine (NBU), Andriy Pyshny, is tightening requirements for banks and arranging a dispersion of representatives from the financial market.
This week he held several closed meetings, and one with bank managers with foreign capital stood out in particular.
Media sources reported that at the meeting the NBU chairman strongly urged “foreigners” to buy Ukrainian government domestic bonds (OVDP) of the Ministry of Finance.
“Pyshny raised the question of what strategy the foreigners intend to implement in Ukraine. And when the head of Raiffeisen Bank Aval, Oleksandr Pysaruk, tried to explain that his structure was attempting to lend to the economy, Pyshny interrupted him and noted that this was before the war. And that before the war foreigners earned billions of hryvnias from our country, and now nothing of the kind is happening; he also said that if Ukrainian business is afraid to finance itself, then they should buy the government bonds of our government. They were clearly made to understand that without a clearly defined strategy they have nothing to do in our country. The leadership of banks with foreign capital urged domestic foreign shareholders to be coaxed into buying OVDBs,” a source said.
Meetings with banks with Ukrainian capital also went not very smoothly.
It became known that the NBU has already started inspections of three out of four state banks. Namely:
UkrEximBank;
UkrgasBank;
Oschadbank.
UkrEximBank and UkrgasBank began inspections after they failed to promptly restore the operation of their branches in Kherson after the city was liberated by the Armed Forces of Ukraine. And the inspection of Oschadbank is linked to issues that arose for the bank when Pyshny worked there as an advisor.
This was not the end for the NBU. A media source inside the National Bank reported the regulator’s current plan for the banking system in the near future:
From February at 2023 year, stress testing of banks will begin.
During the test, the quality of banks’ loan portfolios will be checked and the real level of nonperforming loans will be identified. Also, the correctness of reserve formation and coverage of these reserves with capital will be assessed.
If banks lack capital, their shareholders will be given about a year of increase. Owners will be given time until 2024 year to contribute funds.
If the shareholders do not provide money in 2024 year, they will lose their licenses – banks will begin to close.
The NBU does not intend to initiate state support programs and rescue all banks at once. Perhaps an exception will be made only for some of the 14 systemically important banks. All non-systemic banks will automatically be closed if shareholders refuse to inject capital.
Document: PDF proof of the original version of the news item "У НБУ посилюють вимоги до банків і закликають іноземних інвесторів купувати військові облігації". It records the publication content at the moment of the first scan, the preservation date and the source: ANTIKOR.
