OREANDA-NEWS. On 26 August 2009 was announced, that the NBU declared the project of the resolution, which bans premature deposit withdrawal by both legal bodies and population. The resolution also obliges the commercial banks to pay interest payment on foreign exchange deposits in the national currency, instead of the foreign currency. The project is to be discussed in the NBU, while the new rules will be enacted in two weeks after the adoption.

Millennium Capital regards the news to be negative, since the NBU resolution worsens liquidity conditions, which are currently of high importance for the economic entities. The Resolution may lead to the reduction of both amount of the deposits and their duration in the commercial banks.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.