In the pursuit of currency! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

In the pursuit of currency! - News about real estate, Kiev, Kyiv region. Real Estate In UkraineJustice Ministry received the decision of the National Bank No. 109, which provides for the formation of reserves for foreign currency loans in UAH. According to "EI", the banking lobby is trying...The national Bank is chasing currencyJustice Ministry received the decision of the National Bank No. 109, which provides for the formation of reserves for foreign currency loans in UAH. According to "EI", the banking lobby is trying to cancel it through the international monetary Fund.The NBU resolution No. 109 is an addition to the 107th Ordinance that will lead to the final change the order of calculation of the standard foreign exchange position of commercial banks. The regulator provides that henceforth the reserves created for possible losses on foreign exchange transactions, will not be counted in the ratio of currency position.This will lead to the fact that the banks will need to sell foreign currency in the amount of formed reserve in the interbank market. According to experts of the National Bank, this will increase the flow of currency on the interbank market at $3-4 billion in the next two months, which are given to banks to adjust their positions in accordance with the new requirements of the regulator.Bankers reacted differently to the initiative of the national Bank. "This decision brings us closer to the international rules on the financial market",- says the Chairman of the Board of OTP Bank" Dmitry Zinkov. Meanwhile, according to the banker, if foreign exchange position to exclude the provisions for foreign currency loans, the ratio for each Bank will require substantial adjustments in which the Bank will have to sell a certain amount of currency. Source of this currency Dmitry Zinkov sees the repayment of credits by clients. "It's also possible, we will offer parts of its borrowers to convert foreign currency loans in the hryvnia, and this will get rid of the formation of a certain amount of foreign currency reserves," says the banker.His colleague from one of the largest banks in favor of the initiative of the NBU in more categorical terms. According to him, the banks simply no currency, which should be in the reserves for possible losses on credit operations. Foreign exchange reserves recorded in the accounting entries, which closed currency position. If they based the position to exclude, the banks will first need to buy the currency, and then sell - to close the position. "When reserves are formed at the level of 2-3% of the portfolio, this regulation would be acceptable. Now, when the amount of bad debt exceeds 20%, the reserves increase significantly," says the banker.According to him, if he will refer to the parent Bank with the request to allocate the Ukrainian Bank currency, so he sold it and closed foreign currency position, this request just do not understand. "I do not know, intentionally or not, but the NBU creates the conditions for foreign banks sold in Ukraine currency not only in the capital increase, but also for fixing foreign exchange position," he says.According to "EI", the lobby of the largest banks (mainly with foreign capital) has appealed to the world Bank (WB) and International monetary Fund (IMF) to influence national Bank and cancel this regulation.



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