National Bank recommends that the individual banks to increase lending to the economy in crisis. This is stated in the letter of NBU № 14-011/3341-13649 of 17 July.
According to the NBU, the volume of correspondent banks in the last time was at a sufficiently high level and almost twice the amount of mandatory reserves of banks.
However, having a high level of liquidity, some banks are not always rational use of available resources to support its customers and to promote because of the economic development of the state in times of crisis. Evidence of this is the slow dynamics of the resumption of lending, - stated in letter.
In addition, as the regulator, one of the consequences of such a low credit activity of banks with high liquidity is not enough attention on their part to intensify attraction of funds to deposit accounts of people who were removed from the banking system during the tense situation in the monetary market.
That, according to the NBU, reduces the potential for financial support to the banking system of economic development.
A significant level of liquidity in the context of the insufficient use of available funds of the individual banks limit the ability of National Bank of Ukraine to support the liquidity of the banks that are active in the market and facilitate the resumption of economic growth, - said the NBU.
With this in mind, the NBU recommends that banks increasingly to serve as financial intermediaries and in the absence of adequate directions for the expansion of active operations to implement the deployment of temporary surplus funds in certificates of deposit of the bank.
As reported, the NBU Warns Banks on the inadmissibility of incorrect assessment of credit risk.
By the end of the trading the MICEX index will try to conquer the Merchants mark in 1000 items
In the 1 half of 2009 turnover of the trading at MICEX increased to 1.5-fold to 91.3 trillion rubles
In the 1 half of 2009, MOESK reduced electricity losses against targets
Prices pair EUR /USD consolidated in the range, limited levels of 1.4180 - 1.4240
Since the beginning of last week, oil prices rose nearly 7%
The pressure on commodity markets, except for technical factors, has a growing appreciation of the dollar
Cabinet had received representations from the NBU for recapitalization of banks
Analysis - Results of the day
Trading volume on the Russian stock market today, more than modest, many market participants race in disarray