Banker: Ukraine has prerequisites to reduce cost of long-term loans

Banks of Ukraine noted positive signals to reduce the cost of long-term loans, chairman of the Board of Raiffeisen Bank Aval Volodymyr Lavrenchuk said during a round table "Banks and economy: will loans become more affordable in Ukraine in the current year?" ForUm correspondent reports.

He stressed that the growth of the economy in the country is a precondition to improve the access to credit resources.

However, the expert noted that today, the credit growth in Ukraine is not sufficient to correspond to the stated program of the President for 2013 regarding the growth of the loan portfolio.

He also specified that today, Ukraine has no economic reasons for high loan rates. "Public deposits are the source of funding of lending money. And we have quite positive signals in this sector," he said.