The resumption of lending to the real economic sector is one of the top priorities of the National Bank of Ukraine (NBU), although the Verkhovna Rada’s support is required for this, NBU Governor Yakiv Smolii has said. “We need to resume lending to the real economic sector as soon as possible. Over UAH 80 billion could be funneled to the economy,” he said, speaking in parliament when his appointment to the post of the NBU head was discussed.
Smolii said that bills on protection of creditors’ rights and debt management should be passed, which would help to clean the portfolio of non-performing loans (NPL). “If these bills are passed, next year we could resume lending,” he said.
