Government of Ukraine Will Not Afford Raising Credit Rates by Banks
OREANDA-NEWS. December 15, 2008. Credit rates for the population ought to be stable and the banks cannot raise them unilaterally. Adviser to the Prime Minister of Ukraine, co-head of the Investors’ Council of Ukraine within the Cabinet of Ministers of Ukraine Serhii Tyhypko declared within the frames of the meeting between Prime Minister of Ukraine and leaders of national banks.
According to him, this issue doesn’t call for legislative regulating but a respective Memorandum between the Government and commercial banks would be enough.
The Prime Minister’s Adviser stressed that to compensate possible losses by the banks from juridical persons further advance is possible to be demanded. Moreover, he considers as real the possibility to achieve understanding between the banks and depositors on restructuring the debt.
Co-chairman of the Council of Investors within the CMU negatively evaluated the statements of some politicians who support raising of interest rates by commercial banks. He opined they can be considered as “instructions in theft”. “Bank is a mediator. The bank takes money from citizens and gives to the others. When they say not to return, it implies - don’t return money to the depositors. This is what some pols say,” he explained.
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