‘UkrGasBank’ in mass media: Olena Dmitrieva specially for “Seichas”
Ukraine acceptance of WTO conditions and necessity to fulfill the requirements established for claimants in order to join European Community will become the main determining factors of development of Ukrainian banking in 2006. This opinion was expressed foe edition “Seichas” by Olena Dmitrieva, Head of Risk and Credit Analysis Department.Ukraine acceptance of WTO conditions and necessity to fulfill the requirements established for claimants in order to join European Community will become the main determining factors of development of Ukrainian banking in 2006. This opinion was expressed foe edition “Seichas” by Olena Dmitrieva, Head of Risk and Credit Analysis Department.
Moreover, according to Olena Dmitrieva, the development will be under election results, increase in foreign capital in Ukrainian banking and NBU policy as of increase as well as regulatory monetary management including liberalization of currency legislation and increase of demands of share of bank’s equity capital.
It is foreseen that the acceleration of economical development of the country will influence changes in financial landscape and rise from coming 4% in 2005 up to 5-6% in 2006. Besides, it is the expert’s opinion that there are inflation processes developing slowly: parameter of consumer prices increase during 2006 will comprise about 10-12%.
At that, the attention must be paid to tendency of interest rate decrease as of credit and deposit operations carried out by banks. Olena Dmitrieva predicts increase in price bond belonging to enterprises and bank institutions. “Possible use activation of such tool as issue of bonds of municipal bodies” – notes an expert.
‘UkrGasBank’ representative also thinks that NBU will stimulate investment-oriented activity of banks. For example, due to increase in long-term lending thus contributing in deposits attracting from corporate clients and individuals on long-term basis. In order to enlarge lending rates the National Bank can mitigate reservation norm to increase volumes of lending in real sector.
In the sphere of currency policy, on the assumption of offers’ excess over demand on interbank currency market, as whole it is possible to suppose further increase in international reserves including with the purpose of diversification due to EUR purchase and banks’ increase of volumes of capital attraction on foreign markets.
The banker will refresh its resource base thanks to borrowings on international capital markets. Leasing and factoring will be highly demanded services in the sphere of lending. Ukrainian banks also master Internet banking and e-banking.
Olena Dmitrieva thinks that under WTO conditions there in coming preservation of increase rate in direction investments to our country that was observed before in 2005, for example, in food industry, processing of agriculture products or wholesale trade. “The rate of direct and portfolio investments in banking will grow.
We are to expect investments from the World Bank with the purchase of budget financing and issue of new eurobonds by Ukrainian governments” – believes an expert.
According to Olena Dmitrieva, tendency to capital increase will retain in banking including placement on domestic market of eurobonds. Net increase in direct investments during 2006 totals about USD 2,5-3 bn (as Ministry of Economy predicted).
“I think that the this year key NBU activity will present liberalization of currency legislation, strengthening of demands for Ukrainian banks’ capitalization, mitigation of monetary management (decrease in norms of obligatory reservation, reduction of discount rate),” – emphasizes O.Dmitrieva.
Moreover, according to Olena Dmitrieva, the development will be under election results, increase in foreign capital in Ukrainian banking and NBU policy as of increase as well as regulatory monetary management including liberalization of currency legislation and increase of demands of share of bank’s equity capital.
It is foreseen that the acceleration of economical development of the country will influence changes in financial landscape and rise from coming 4% in 2005 up to 5-6% in 2006. Besides, it is the expert’s opinion that there are inflation processes developing slowly: parameter of consumer prices increase during 2006 will comprise about 10-12%.
At that, the attention must be paid to tendency of interest rate decrease as of credit and deposit operations carried out by banks. Olena Dmitrieva predicts increase in price bond belonging to enterprises and bank institutions. “Possible use activation of such tool as issue of bonds of municipal bodies” – notes an expert.
‘UkrGasBank’ representative also thinks that NBU will stimulate investment-oriented activity of banks. For example, due to increase in long-term lending thus contributing in deposits attracting from corporate clients and individuals on long-term basis. In order to enlarge lending rates the National Bank can mitigate reservation norm to increase volumes of lending in real sector.
In the sphere of currency policy, on the assumption of offers’ excess over demand on interbank currency market, as whole it is possible to suppose further increase in international reserves including with the purpose of diversification due to EUR purchase and banks’ increase of volumes of capital attraction on foreign markets.
The banker will refresh its resource base thanks to borrowings on international capital markets. Leasing and factoring will be highly demanded services in the sphere of lending. Ukrainian banks also master Internet banking and e-banking.
Olena Dmitrieva thinks that under WTO conditions there in coming preservation of increase rate in direction investments to our country that was observed before in 2005, for example, in food industry, processing of agriculture products or wholesale trade. “The rate of direct and portfolio investments in banking will grow.
We are to expect investments from the World Bank with the purchase of budget financing and issue of new eurobonds by Ukrainian governments” – believes an expert.
According to Olena Dmitrieva, tendency to capital increase will retain in banking including placement on domestic market of eurobonds. Net increase in direct investments during 2006 totals about USD 2,5-3 bn (as Ministry of Economy predicted).
“I think that the this year key NBU activity will present liberalization of currency legislation, strengthening of demands for Ukrainian banks’ capitalization, mitigation of monetary management (decrease in norms of obligatory reservation, reduction of discount rate),” – emphasizes O.Dmitrieva.
12.01.2006