Expert: the state's share of more than 60% in the banking sector of Ukraine is nonsense
Kyiv • UNN
Experts agree that privatization will increase efficiency, competition, and attractiveness for foreign investment.
For successful integration of the Ukrainian banking system into the EU and to receive macro-financial assistance, Ukraine will have to privatize its state-owned banks. Currently, the presence of the state in the domestic banking sector is too large in the domestic banking sector. This opinion was expressed by economic expert Oleg Pendzin in a commentary to UNN.
The demand for privatization of state-owned banks is currently included in the memorandum with the IMF, in the requirement Americans for the allocation of macro-financial assistance and is a requirement of our movement in the EU
Penzin noted that the refusal to privatize state-owned banks would put an end to on receiving aid from three main sources.
... Today, the state has a very large share in the banking sector in Ukraine - over 60% This is categorical nonsense. Our partners are holding their heads and demanding privatization. But each of the of the banking institutions has its own privatization schedule: Oschadbank - it has a large number of number of problems, a lot of overdue and dead loans; Privat - with its own skeletons in the closet
At the same time, financial and economic experts agree that the privatization of state-owned banks - unlocks the potential of the domestic banking system.
"Privatization of of state-owned banks can help to increase efficiency and competition in the banking sector," emphasizes the co-founder of Ukraine's first fintech ecosystem Concord Fintech Solutions, Olena Sosiedka.
In her opinion, along with integration into the international financial system, that is, with convergence with European financial standards and practices, this can increase Ukraine's attractiveness to foreign investors and contribute to the stability, transparency and efficiency of the of the banking sector.
As to when privatization of state-owned when privatization of state-owned banks is possible, economic expert Viktor Medvid believes that it is important to stabilize the system, and it is not just a matter of the end of the war.
"After stabilization of the situation in the country. It's not a question of ending the war, but of stability, because it will affect the value of shares. At the moment, the risks in the country are very high. risks in the country, and the lower the risks, the more money the state receives," the expert explains.
