Page 57 - UKRRptFeb19

of the Russian banks Sberbank and VEB - under sanction, unable to take on new business and legally barred from transferring assets out of Ukraine — appear to be winding down their operations, the head of Ukraine’s central bank said.
Several Ukrainian banks have submitted their bids to the Individuals Deposit Guarantee Fund (IDGF) to participate in a tender to remove from the market insolvent Ukrainian operations of Russia's state-owned VTB Bank , which went bankrupt following weeks of snowballing liquidity crisis . "Several pre-qualified entities included in the relevant list of the National Bank of Ukraine (NBU) expressed their interest in removing insolvent VTB Bank from the market," deputy head of the insolvent banks' settlement plan introduction department of the IDGF Hryhoriy Lurie told Interfax news agency on December 12. The official did not name these banks though.
8.2 Central Bank policy rate
The National Bank of Ukraine (NBU) has kept its key policy rate at 18%
following its increase by 0.5 percentage points (pp) , from September 7, the regulator said in a statement on December 13.
"The current and forecast monetary conditions are sufficiently tight to bring inflation to its medium-term target of 5% in 2020," the statement reads.
Annual consumer price inflation in Ukraine stood at 10% in November . The acceleration of inflation as compared to previous months was anticipated and driven by the underlying inflationary pressure remained high. At the top of that, administered prices were a major inflation factor, as natural gas prices for households grew in November.
57 UKRAINE Country Report February 2019 www.intellinews.com