Andriy Pyshnyi

Unwavering loyalty: why does the NBU governor not respond to violations by his subordinates?.

The National Bank of Ukraine has been at the center of a series of scandals due to the actions of its officials. Despite the criminal proceedings that have been opened, the NBU's management ignores public attention and does not respond to violations by its subordinates, which undermines confidence in the country's banking system.

The scandal over Pavlo Polarush's conflict with the military and the case against Oleksandr Zyma are vivid examples of impunity at the NBU. The public demands answers, but the NBU leadership continues to ignore these serious violations, which jeopardizes the credibility of the country's financial institutions.

Oleksandr Babikov spoke about the main difficulties in investigating abuse of power. The key is to determine the scope of the official's powers and prove the connection between his or her actions and negative consequences.

Delaying the investigation of the case against the head of the NBU's legal department may have negative consequences for the state.

The SBI transferred the case of Oleksandr Zyma to the police after 9 months of investigation. Experts believe that delaying the case could undermine confidence in the state's anti-corruption efforts.

The regulator has not yet responded to the criminal case against Oleksandr Zyma, director of the NBU's legal department, for alleged abuse of office Experts see this as double standards and possible cover-up by the NBU's management.

NBU Governor Andriy Pishnyi proposed to replace the name “kopiyka” with “shag”. 50 participants of the Money & Banking conference signed an open letter in support of this initiative.

Andriy Pyshnyi called for the re-taxation of banks to be assessed in terms of efficiency and risks. The NBU hopes that banks will make a decisive contribution to financing the deficit without issuing sources.

NBU Governor Andriy Pyshnyi announced that inflation is expected to moderate due to increased demand and spending. However, the NBU's prudent policy will help to gradually slow inflation to the 5% target in the coming years.

NBU Governor Andriy Pyshnyi said that Ukraine's international reserves exceeded $42 billion at the beginning of September. The agreement with the IMF was a positive signal for the country's macro-financial stability.

NBU Governor Andriy Pyshnyi announced an increase in hryvnia lending. In the retail segment, the growth was 10% compared to February 24, 2022, and in the corporate segment, it was also 10%.

The Verkhovna Rada's Temporary Investigation Commission is considering solutions to combat drops, including strengthening financial monitoring and limiting turnover. According to estimates, about UAH 200 billion a year goes through drops.

In July 2024, consumer prices in Ukraine remained unchanged compared to June, but increased by 4. 3% since the beginning of the year. Core inflation was 0.7% in July and 4.1% since the beginning of the year.

In two months, banks have received more than 7. 3 thousand applications for lending to energy infrastructure restoration projects. Applications worth almost UAH 4 billion have been approved, of which UAH 607 million are already being used by businesses.

NBU Governor Andriy Pyshny said that Ukraine does not only rely on international assistance to finance its budget deficit. It is planned to expand the domestic resource base to reduce the deficit to 10.3% in 2026.

NBU Governor Andriy Pyshnyi said that the foreign exchange market remains stable due to sufficient international reserves. The reserves are expected to grow to $41 billion in 2024.

Eduard Bagirov believes that Oleksandr Zyma undermines confidence in the banking system. The human rights activist calls on the head of the NBU to dismiss officials who violate the law in order to restore the trust of international partners.

Banks cannot convert foreign currency loans into hryvnias on their own because of the NBU's ban. The expert believes that this issue can only be resolved by the National Bank of Ukraine.

The expert believes that the NBU should ease the ban on the conversion of foreign currency loans for businesses as part of currency liberalization.

NBU Governor Andriy Pyshnyi has announced an expected increase in foreign exchange earnings in Ukraine. This is due to the sale of the new harvest and the expected $3.9 billion from the US next week.

The National Bank of Ukraine forecasts the next key policy rate cut in early 2025. The NBU will maintain an active presence in the foreign exchange market to control inflation and support the hryvnia exchange rate.

The international financial support will allow the government to finance the budget deficit and support the NBU reserves. The partners are expected to provide Ukraine with about USD 38 billion. USD in 2024 and USD 31 billion in 2025. USD 31 billion in 2025.

NBU Governor Andriy Pyshnyi announced that Ukraine's economic recovery is continuing despite the war and damage to the power grid. The GDP growth forecast for 2024 has been improved to 3.7%, and is expected to accelerate to 4-5% in 2025-2026.

The National Bank of Ukraine is discussing the possibility of introducing restrictions on card-to-card transfers and setting a limit of UAH 100,000 for such transactions, but is committed to finding a solution that takes into account the concerns of volunteers and the public.

The National Bank of Ukraine reports a steady downward trend in lending rates: since June last year, lending rates have fallen by 4%, indicating a gradual recovery in lending activity across various sectors, including corporates, small and medium-sized businesses, and retail lending.

Despite the war, Ukraine managed to reverse the downward trend in household time deposits: in 2023, they grew by 37%, and the share of such deposits increased from 30% to 35%.

Ukraine may receive another tranche of more than $2. 2 billion from the IMF after the successful fourth review of the Extended Fund Facility program, which will increase the total amount of funding received to $7.6 billion.

The National Bank of Ukraine plans to limit the number of monthly transfers from P2P cards to 30 and the total amount to UAH 100,000, but these restrictions will not affect 98% of Ukrainians, and the limits can be increased by providing the bank with income documents.

The National Bank of Ukraine has raised the dollar to hryvnia exchange rate to historic highs of 40. 1153 hryvnia per dollar and 43.491 hryvnia per euro.