Cabinet approved the strategy of reforming state banks

05 September 2020, 12:47 | Finance and Banking
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The Cabinet of Ministers approves the strategy for reforming the public banking sector proposed by the Ministry of Finance.

The corresponding decision was made during a government meeting on September 2, the press service of the Ministry of Finance reports..

As a basis for strategic reforming of the banking sector, the state, in particular, plans to:.

implement strategies for each state bank;

by 2025, reduce the state's share in the banking sector from 60% to 25%; reduce the share of non-performing assets on the balance sheets of state-owned banks; protect and support the implementation of corporate governance reform with a majority of independent members on the supervisory board, while ensuring the required level of accountability.

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The system of state-owned banks includes PrivatBank, Ukreximbank, Ukrgasbank and Oschadbank. LIGABiznesInform informs about it.




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