Association of Ukrainian Banks proposes buyout of public loans

“The government may render assistance to the borrowers of banks who received currency loans and are currently unable to service them in full. In particular, the government can select certain borrowers, who received flat loans, calculate their annual debts and buy [these debts] from banks. These will be relatively small funds, but this will be real assistance to both borrowers and banks,” the association said.

Bankers believe that the government could have also realized a similar scheme in relation to haulers who raised currency loans to buy vehicles. According to the association, these steps would help restore the quality of credit portfolios and regain confidence in the banking system.