Strengthening corporate governance in state-owned banks is NBU’s priority – Shevchenko

Strengthening corporate governance in state-owned banks is NBU’s priority – Shevchenko

Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and U.S. Charge d'Affaires a.i. in Ukraine Kristina Kvien discussed reforming corporate governance in state-owned banks, continuing cooperation with international partners, in particular the IMF, as well as strengthening cooperation between Ukraine and the U.S.

Shevchenko noted that strengthening corporate governance and reducing the NPL ratio in state-owned banks is indeed a priority for the NBU, the Bank’s press service reported.

"Last week, we started the cycle of meetings with the supervisory boards of state-owned banks. I reiterated the NBU’s support of corporate governance. After all, a properly built corporate governance system improves a financial institution’s performance. We also need to address the issue of NPLs in state-owned banks, which is painful, but we will continue to work to resolve it," Shevchenko said.

"We were very glad to hear that you plan to continue the NBU’s consistent policy. We are pleased that we are "on the same page" on the issue of corporate governance reform in state-owned banks, which the NBU is going to proceed with and strengthen. We also are glad that you are ready to address challenges such as the significant share of nonperforming loans in state-owned banks," Kvien noted.

Kyrylo Shevchenko and Kristina Kvien discussed the strengthening of cooperation between Ukraine and the U.S., including in cybersecurity.

In addition, Shevchenko mentioned the NBU’s plans to promote sustainable development of the state, as well as "green" banking, in Ukraine. The NBU plans to join the Network for Greening the Financial System and Sustainable Banking Network.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: