The Ukraine’s Banks Are Fine

Notwithstanding the tens of thousands of Russian troops, widespread separatist protests (and more!) and being 10% lighter than they used to be: You needn’t worry about a thing.

Olena Scherbakova, head of the credit and monetary policy department at the central bank, said that 9% to 10% of the total amount of deposits have been withdrawn since Jan. 27, but this amount is “insignificant for the system and doesn’t destroy the foundation of the national banking system.”

The newly appointed governor of the central bank, Stepan Kubiv, said last week that the peak of the withdrawals has already passed.

Official: Ukraine Banking System Not At Risk [WSJ]

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3 Responses to “The Ukraine’s Banks Are Fine”

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