Statement of Andy Hunder, President of the American Chamber of Commerce in Ukraine, on importance of future reforms in Ukraine’s banking and financial sector

American Chamber of Commerce in Ukraine constantly strives to be a reliable partner in the process of Ukraine’s economic recovery and development. Now it is vital to implement structural reforms in the banking and financial sector, including further clean-up of the banking system, continuation of the process of liberalization of currency regulation and rebuilding reserves, which stay important for the business community. Ongoing cooperation with the International Monetary Fund, as well as continuous improvement of macroeconomic indicators is a key to the future economic growth of Ukraine. It is extremely important to ensure implementation of all commitments made by Ukraine in the framework of cooperation with international partners. The role of the National Bank of Ukraine in these processes is crucial.

Taking this opportunity, we would like to thank Valeriya Gontareva for the permanent constructive and open dialogue during each meeting with representatives of the business community and for the outstanding work as a Governor of the National Bank of Ukraine. We highly appreciate the reforms launched in the banking and financial sector.

The new Governor of the National Bank should demonstrate competence and impartiality to ensure continuity of reforms in the banking sector. Independence and professionalism are essential, as well as enhancement of the reputation of the National Bank. The Chamber is ready to support further structural reforms of Ukraine's financial system by providing expert proposals and recommendations of the Chamber Member Companies.