Victor Yushchenko is presiding over a meeting of bankers and heads of law enforcement agencies, President's press office reported.

Prime Minister Yuri Yekhanurov, Security Chief Ihor Drizhchany, Secretariat Chief of Staff Oleh Rybachuk, National Bank Chairman Volodymyr Stelmakh, State Tax Office Head Oleksandr Kireyev, Finance Minister Victor Pynzenyk, Economy Minister Arseniy Yatsenyuk, Oshchadbank Chair of the Board Oleksandr Morozov, Kyiv Mayor Leonid Chernovetsky and other officials gathered at the National Bank to discuss cooperation between law enforcement agencies and banks in order to protect interests of depositors.

Opening the meeting, the President said Ukraine's banking system "has been developing dynamically and successfully” over the past two years but admitted that some banks faced serious problems undermining the reputation of other banks.

“I am worried over the performance of some problematic banks that violate procedures and rules and use murky schemes discrediting the whole system,” he said.

The Head of State said “about thirty thousand depositors of eight banks have recently fallen prey to frauds.” These data indicate certain problems in the field of banking and credit regulation and these problems should be resolved to make sure interests of depositors are protected and restore people’s trust in banks, he added. The President believes they should and can together prevent money laundry. Mr. Yushchenko said it was important to work out a program uniting the National Bank of Ukraine and law enforcement agencies to monitor and check commercial banks.

He suggested that they elaborate a presidential decree to prevent and settle such problems.     

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