Sources for Financing: How to Revive the Banking System

8 October 16:15 - 17:45 Dallas 2

In the late 1990s, after the difficult years of hyper-inflation, a very efficient banking system was formed in Ukraine. High bank estimates implied high profits on capital investments. It led to opening of new banks and acquiring of Ukrainian banks by foreign investors. This made it possible to introduce a large amount of credit resources to the corporate sector and to extend consumer loans.

Along with favorable export environment, the economy of Ukraine was growing. This situation caused degradation of risk management and low quality of advances portfolio.

2008 global financial crisis showed significant deficiencies of the system: prevalence of short-term speculative money that was quickly withdrawn from the Ukrainian financial market, lack of willingness of foreign banks to support Ukrainian subsidiaries, a large number of small and inefficient banks, etc. Local CIS crisis that began in 2014 together with ineffective NBU activities acuminated the problem even more. Ukrainian banking system practically ceased to perform its function of lending business, and has entered a permanent banking crisis, dragging down the overall economic situation.

Issues to be discussed:

• How to revive the banking system in Ukraine?

• How to return trust in banks to make people's savings a reliable resource for the economy? 

• Is there a chance for the development of new credit practices (Р2Р credits, financial services at retail chains, etc.)?

• Bank of bad loans: who and how should establish it?

• What can small banks do if the banking system collapses?

• International financial aid. How much does Ukraine need? How a businessman can get money on beneficial terms?

• Currency issuance: could the money be steered into the economy?

• Does Ukraine need a development bank?

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