EBRD soon to start attracting intl organizations to capital of state-owned banks
The European Bank for Reconstruction and Development (EBRD) backs a proposal that international organizations are attracted to the capital of state-owned banks and the bank plans soon to start working on the issue, the press service of the National Bank of Ukraine (NBU) has reported, referring to NBU Governor Valeriya Gontareva.
"The development strategy for state-owned banks which we have devised in close cooperation with the Ministry of Finance provides for international financial institutions’ participation in the equity of state-owned banks to help these banks adopt international best corporate governance practices and implement their strategic development plans. The EBRD has fully supported our proposal and is set to embark on efforts in this regard in the near future," Gontareva said after a meeting with EBRD President Suma Chakrabarti and EBRD Vice President Philip Bennett within the framework of the World Economic Forum in Davos.
The NBU said that Chakrabarti reaffirmed the EBRD’s commitment to remain a reliable partner of Ukraine and assist the country in implementing reforms, notably banking sector reforms.
