National Bank plans to ban early withdrawal of bank deposits and oblige banks to pay interest on foreign currency deposits in UAH. Bankers National Bank of Ukraine supported the initiative, expecting that their implementation would reduce the pressure on the hryvnia.

However, experts fear that such innovations further undermine confidence in the banking system and lead to further reduction of the flow of deposits.

Last week, the National Bank issued a draft resolution of the NBU Board, approving changes to the Regulations on the procedure for opening and closing of accounts in local and foreign currencies and the Regulation on the procedure for Ukrainian banks deposit transactions with corporations and individuals. The document states that the bank's depositors have no right to require termination or early implementation of the Bank's liabilities under the contract of bank deposit (deposit).

For example, if the investor wants to terminate the deposit agreement, the bank does not act on the requirements of the depositor. In the case of a ruling the new rules will apply not only new but also in the deposit agreement.

The National Bank noted that drafted a decree to bring their legislation into conformity with the adopted 27 July by the law On peculiarities of action on the financial health of banks. Executive Director of the National Bank of Ukraine on Payment and Settlement Systems Viktor Kravets explained that the document should help banks solve the problem, which arose a year ago.

The problem stems from the fact that the inverted conceptual approaches to this issue - the official said .- If a bank deposit, it must be made on a special term noncallable withdrawal.

Unlimited use money you can from your current account. As a result of competition of banks with each other, they have introduced instead of duplicating the current deposit accounts. To eliminate this leapfrog, we have prepared such an order. Banks, which are charged high interest rates on current accounts in the guise of deposit will be forced to eliminate such products.

Recall that in the midst of crisis, bankers resented early withdrawal of deposits and asked the regulator to take action to impose such a moratorium. I personally have long suggested that National Bank to prohibit people to deprive us of the deposit base, as is done throughout the world, excluding Ukraine, Russia and several other countries, - admitted deputy president of one of the largest banks with foreign capital. The ban on early withdrawal of deposits challenged lawyers, saying that it contradicts the Civil Code.

However, Viktor Kravets argues that this document conflicts with the Civil Code will be lifted: Nobody's interests will not be prejudiced if the person knows that he signs. According to him, after discussion and approval by the Ministry of Justice ruling, it could enter into force two months.
In the NBU said that, in addition, plan to oblige the banks to pay interest on foreign currency deposits only in the hryvnia. Bank deposit - a service provided by the Ukrainian bank. But under our laws should be offered only in the national currency - the initiative said one official NBU .- So far we have just been discussing this issue may allow banks to charge interest in currency, and pay them in grivna official rate.

In general, the bankers are satisfied with the innovations of the regulator, assuming that they will stabilize the hryvnia. They also believe that no problems will pay foreign currency interest rate in UAH. If a client needs to make, it would still like to do it. Most likely, after the removal of interest in the hryvnia, he immediately translate them into currency, but there is a hope that some part of the hryvnia back into the economy, - said chairman Industrialbank Leonid Grebinskii.

However, experts believe that part of the population in general moratorium discourage the desire to invest in banks. Confidence in banks severely shaken, and after these changes, and it did disappear for a long time - said the head of the analysis of financial markets, ING Bank Ukraine Alexander Pecheritsyn .- If people have money now, at least in the state-owned banks, it then may no longer do so because the policy of the National Bank for the population is unpredictable .

On the dynamics of stock price of Gazprom today can influence the results of the report under IFRS for the 1 st quarter 2009
Today is expected to negatively opening trades, the main pressure on Russia's market will lower oil prices
Today the level of resistance will make a mark 1130.51 points on MICEX
Net profit of Gazprom IFRS 1 quarter 2009 fell by 2,6 times - up to 104 billion rubles
Net profit of magnets IFRS in 1 half of 2009 grew by 78% to $ 117.9 million
From a technical standpoint, yesterday the Dow Jones index at the beginning of the session continued the upward movement to the next target in the 9600 points
Latin America: the clouds are gathering behind falling oil prices
National Bank of Ukraine in January-July, banks have been fined for violations in the monetary sphere in the amount of about 1 million UAH
Posts that are more expensive parliamentary mandate

We have a rough idea how many are members of the Cabinet and the People's Deputy ...