Representatives of the international financial institutions hail success of the Government in activity directed to resuming of trust into the banking system of Ukraine. Director of the World Bank for Belarus, Ukraine and Moldova Martin Raiser announced during a joint media conference with participation of the Prime Minister of Ukraine Yulia Tymoshenko and IMF Resident Representative in Ukraine Max Alier on Wednesday, government portal reported.

Martin Raiser added owing to the efforts of the Government of Ukraine in this direction deposits from the banking system have ceased flowing out and the process of accumulation started.

Furthermore, as he put it, a decision of the Government concerning recapitalization of the three banks (Ukrgazbank, Rodovid Bank and Bank Kyiv) “is a crucial step that is to facilitate to prolong the program with success and also to resume and strengthen trust into the banking system of Ukraine”.

To his part, IMF Resident Representative in Ukraine Max Alier, on commenting the decision of the Government on recapitalization of the banks, underlined: “It is very significant as the depositors can feel confidence in the future. It is significant either as the process applied to achieve such results demonstrates the Government who has made this significant step is protecting interests of tax payers”.


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