Ukrainian government to control bank refinancing

12:05, 30 January 2009
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First Deputy Prime Minister will attend c.bank meetings

Ukraine’s government will control refinancing of lenders by the country’s central bank, Delo newspaper reported, citing a person in banking familiar with the situation, Bloomberg reported.

First Deputy Prime Minister Oleksandr Turchynov will attend central bank meetings on refinancing and submit written approval to refinancing plans, according to the newspaper.

The government will control central bank loans for more than 14 days, stabilization loans and support of liquidity, Delo reported. Short-term and overnight loans will be issued by the central bank independently, according to the newspaper.

Bloomberg

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