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NBU proposes Ministry of Finance to introduce moratorium on reducing network of branches of state-owned banks
KYIV. Feb 24 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) has addressed the Ministry of Finance and heads of state-owned banks with a proposal to impose a moratorium on reducing the network of branches of such banks for the period of war, the press service of the regulator said on Tuesday, referring to a letter from its governor Andriy Pyshnyy.
According to the report, recently the NBU has been receiving complaints from territorial communities about a decrease in the presence of state-owned banks in the regions due to the closure of branches, which is associated both with the need to ensure the safety of employees and optimize costs, given the decrease in profitability due to military aggression from Russia.
As the Central Bank points out, the economic efficiency of such decisions can be leveled by a negative social effect and carry potential threats to the national security of Ukraine, hinder the neutralization of the consequences of military aggression and the post-war recovery of the country’s economy.
“Socially responsible banking should become a priority for all financial institutions during the war, especially for state-owned banks. Ensuring the maximum availability of financial services for the population today is one of the strategic tasks of their activities,” the message says.
At the same time, the NBU supports the initiative of individual banks to ensure the availability of banking services through the use of mobile branches.
