Prime Minister: The work of the banking system should become a driving force of economic upturn

The business lending amid martial law was tackled during a meeting in Kyiv on April 5 by Prime Minister Denys Shmyhal and representatives of state-owned banks and business associations in Ukraine.

The discussion was also attended by First Deputy Prime Minister - Minister of

Economy Yulia Svyrydenko, Minister of Finance Serhii Marchenko, Minister of Justice Denys Maliuska, Minister of Agrarian Policy and Food Mykola Solsky, Chairman of the National Bank of Ukraine Kyrylo Shevchenko, Deputy Head of the Office of the President Rostyslav Shurma and MPs

The Prime Minister stressed that Kyiv regions and its neighboring ones have already been liberated from the invaders. Kyiv is also returning to work.

"People need to be returned, bankers need to return to work. The government officials made a number of trips to the regions, where they checked the activities of enterprises. They start their work. The sowing campaign is actively going on. The war continues. The military is doing its job heroically, and everyone else must do their job well, "said Denys Shmyhal, adding that banks should become the driving force of the Ukrainian economy.

The Head of Government heard information from representatives of the banking system on business lending. The participants of the meeting were also briefed on the problems faced by banks. The Minister of Justice Denys Malyuska provided the representatives of the banking sector with all the necessary explanations.

The Prime Minister noted that banks, in particular state-owned ones, have enough liquidity for lending to be fully operational. The government has removed bureaucratic obstacles.

"The work of the banking system should become a driving force of recovery of Ukraine's economy. The Ministry of Finance and the National Bank will shortly provide all necessary facilities. The state as a shareholder will prescribe KPI for the issuance of loans under government programs. State-owned banks must start working with customers every day to ensure the sowing campaign, relocation and launch of production facilities," Denys Shmyhal underscored.

In turn, representatives of the banking sector assured that the number of loans will be increased in the near future.