President of Ukraine

President: I am convinced that the new Governor of the National Bank Kyrylo Shevchenko will cope with all the key challenges

20 July 2020 - 17:16

President: I am convinced that the new Governor of the National Bank Kyrylo Shevchenko will cope with all the key challenges

President of Ukraine Volodymyr Zelenskyy introduced the new Governor of the National Bank of Ukraine Kyrylo Shevchenko to the NBU staff. The President stressed the importance of continuing cooperation with Ukraine's international financial partners.

President of Ukraine Volodymyr Zelenskyy introduced the new Governor of the National Bank of Ukraine Kyrylo Shevchenko to the NBU staff. The President stressed the importance of continuing cooperation with Ukraine's international financial partners.

Introducing Kyrylo Shevchenko during a meeting in the NBU premises, Volodymyr Zelenskyy noted that the Governor of the National Bank should be not only independent, but also professional, courageous and responsible.

"I am convinced that Mr. Shevchenko is just such a person," the President said.

The President stressed that the candidacy of the new Governor of the National Bank was supported by the NBU Board, management of state-owned and commercial banks, as well as experts in the banking sector. Kyrylo Shevchenko has 20 years of experience in the banking sphere.

"He is really a professional that the National Bank of Ukraine, our economy and, in fact, the whole country need," Volodymyr Zelenskyy said.

The President expressed confidence that the new Governor of the National Bank will cope with all key challenges.

In particular, according to the President, the National Bank should maintain macroeconomic stability, promote long-term economic growth and stability of the national currency, minimize the impact of the crisis caused by the coronavirus pandemic on the economy and provide real loans to Ukrainian businesses and citizens.

"It is important to continue effective cooperation with our partners, the International Monetary Fund, the World Bank and other powerful financial partners of Ukraine," the President said.

Volodymyr Zelenskyy stressed that today the new Governor of the NBU received a vote of confidence from the professional community, the President, the government, the parliament and all Ukrainian citizens. The Head of State is hopeful that this “loan” will be returned "with very good interest rates in the form of macro-financial stability, economic growth, stable national currency”.

"I sincerely wish you success, strength and wisdom. And I think the most important thing in your job is to always remember the name of the institution you took the lead of. This is the National Bank of Ukraine. Ukraine is key. Therefore, you must act independently, solely in the interests of Ukraine, its economic stability and the well-being of its citizens," the President said.

For his part, NBU Governor Kyrylo Shevchenko thanked the Head of State and the Verkhovna Rada for their trust and stressed the importance of cooperation between the authorities and the National Bank.

"It is impossible to achieve this without an effective dialogue between us. I will do everything in my power to increase the influence of the Central Bank (NBU - ed.) in the field of maintaining the national economy of Ukraine and improving the quality of life of Ukrainians," Kyrylo Shevchenko said.

According to him, the NBU will ensure macroeconomic stability and stability of the financial sector. At the same time, the National Bank must create the necessary conditions for the development of lending to the real sector of the economy. The Governor of the National Bank noted that the NBU and the authorities must ensure all conditions for sustainable economic growth.

Kyrylo Shevchenko stressed that the National Bank will remain an independent institution, and decisions will continue to be made professionally and in an economically sound manner.

He also noted that the NBU will continue its policy of cooperation with international financial organizations and foreign investors.

In addition, the National Bank will support the implementation of the main directions of the strategy of state-owned banks. Kyrylo Shevchenko also stressed the importance of reforming the corporate governance of state-owned banks.