The events in Cyprus have not affected and will not affect the stability of the banking system of Ukraine, director of regulatory and methodological support for banking regulation and supervision department of the National Bank of Ukraine Natalia Ivanenko told a round table "Echo of Cyprus: the protection of rights depositors - Ukrainian and world practice," ForUm correspondent reports.

According to her, there are two banks, set up on Cypriot capital, on our market - the residents, who work with resident deposits and loans and are not tied to the events in Cyprus. "In addition, the domestic system of depositor protection is well regulated, supported by new legislative tools in 2012 and tested in practice. The investors should understand that they are protected by the Ukrainian legislation," the financier said.

According to Ivanenko, the country's banking system has shown a positive trend for the second consecutive year. "This concerns the confidence of depositors as well. For example, at the moment, there is an additional inflow of deposits, which from the beginning of the year makes up 19 billion UAH, including 4 billion since the beginning of March," the banker said.

Stability of the banking system is confirmed by stress testing, conducted two years ago with the support of international financial institutions - the IMF and the World Bank, the NBU representative added.


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