OREANDA-NEWS. February 17, 2011. Forum of Leading International Financial Organizations took place. Easing of interest rates and access renovation to world loan capital markets are the main trends of the year for Ukrainian banking system that have been determined by Forum representatives, reported the press-centre of Ukrsotsbank.

They were introducing their research called “Ukrainian Banking Market Review” during the press-conference. Chairman of Ukrsotsbank Borys Tymonkin considers that at the same time high level of troubled loan portfolio has got in a way of quicker bank activity recovery.

“Another one factor that prevents stabilization of Ukrainian financial sector is credit vulnerability as a result of unfavorable regulatory and legal framework and unforeseeable practice in its application”, - thinks Member of the Forum Board, Chairman of Ukrsotsbank Borys Tymonkin. “Dummy procedure of bankruptcy is a way too widespread in Ukraine. And national courts connive at the fact; many complications appear during pledges enforcement”, - banker added.

About Forum:
Forum of Leading International Financial Organizations is a new discussion platform aimed at initiation dialog on high level with Ukrainian governmental structures to provide Ukrainian financial sector with further development.

About Global Finance magazine:
Global Finance magazine was founded in 1987. It appears in circulation of 50 050 copies in 163 countries of the world. Global Finance audience is represented with companies’ executives, general and financial managers, treasury directors and with other finance specialists that are responsible for investment and taking strategic decisions in international companies and financial institutions.

NOTE
Ukrsotsbank, one of the largest banks in Ukraine, was founded in September 1990. The Bank’s network comprises 442 offices, among which 7 macro branches and 435 branches. The total number of employees equals to 9 thousand people.