Opinion: Freeze NBU on early withdrawal of deposits may suspend the rate of flow of public funds into the banking system

Written by admin on August 28th, 2009

Freeze

National Bank of Ukraine on early withdrawal of deposits from the accounts may suspend the rate of flow of public funds into the banking system of Ukraine. This is today's press conference, said the head of information-analytical center Forex Club Nikolay Ivchenko.

He recalled that the deposit of businesses and individuals on August 1, 2009 are 23,3% of all liabilities of banks and their share is gradually decreasing. Since January 2009, the population has withdrawn from the banking system of 22.7 billion UAH and returned 9.8 billion UAH - 43,2%.

According N. Ivchenko, the initiative of NBU concerning the prohibition of early withdrawal from term accounts had to be led before the crisis, the stable period. People may perceive this move negatively, as a result of the end of the year in the banking system will return about 4 billion UAH, if we assume that the order will begin work in September, instead of 8.9 billion UAH, if this change will not be given, -- he said.

In his view, given the instability of the flow of funds to commercial banks, the NBU should develop a more flexible changes in the provisions for deposit operations with the physical and legal persons. Contributions must be divided into three types: current lowest yield, hybrids with higher yield and term deposits with the highest returns, take the money with which to end the term of the deposit is impossible. In the event of such a gradation of the accounts would be to stabilize the resource base of banks, which will return to the banking system, some 7-8 billion, - he stressed.

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