Chairman of RBI Board assured NBU Governor in the support for Ukraine’s economic recovery

Chairman of RBI Board assured NBU Governor in the support for Ukraine’s economic recovery

The FINANCIAL -- During the meeting on 6 May, 2013 in Kyiv, Governor of the National Bank of Ukraine (NBU) Stepan Kubiv and Chairman of the Board of Raiffeisen Bank International (RBI) Karl Sevelda discussed the issues of further development of the banking sector of Ukraine, the ways of the stabilization of financial markets and the domestic currency exchange rate, according to Raiffeisen Bank Aval.

In the course of the discussion with the participation of the top managers of RBI’s subsidiary in Ukraine — Raiffeisen Bank Aval, namely: Volodymyr Lavrenchuk, Chairman of the Board, and Gerhard Boesch, First Deputy Chairman of the Board, the Governor of the National Bank noted the contribution of the Austrian RBI Group into the development of the Ukrainian banking sector.

Karl Sevelda assured that all possible support to the Ukrainian economy will be also provided in the future. “Besides a big support for the recovery of the economy that comes to the Ukrainian government from IMF, EU, US, World Bank, there is a need to support SME and Private Entrepreneurs in Ukraine. The European Investment Fund and other institutional investors, representatives of which I have met recently, present their interest to the promising Ukrainian market, especially in the segment of SME and PE financial services. Raiffeisen Bank Aval has a good experience in developing such programs here, in Ukraine”, — said Mr.Sevelda at the meeting. Stepan Kubiv stressed the necessity to continue a mutual dialogue that had been considered as efficient during a long period of the operation of the European banking institution in Ukraine. He informed that the activity of the National Bank is aimed at the innovative reforming of the financial sector and the provision of a reliable, transparent and stable operation of Ukraine’s banking system.

The parties also agreed to use different platforms, particularly the Vienna Initiative 2, for the motivation of investors in their efforts to develop promising sectors of the Ukrainian economy, according to Raiffeisen Bank Aval.