Cooperation with IMF has positive impact on Ukraine's banking system – National Bank

First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova says the regulator notes the positive impact of the resumption of cooperation with the International Monetary Fund (IMF) on the country's banking system.

"This is facilitated by the fact that we have significantly advanced in our work with the International Monetary Fund. We're expecting a meeting of the IMF Executive Board, which will be held tomorrow. We hope for a positive decision. This also had a positive impact on the financial sector," she told a briefing on December 17, adding that expectations of banks and their clients have improved.

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Rozhkova added that the introduction of martial law in certain Ukrainian regions did not affect the liquidity of the banking system, which continues to grow.

UNIAN memo. The International Monetary Fund staff and the Ukrainian authorities have reached agreement on economic policies for a new 14-month Stand-By Arrangement (SBA) worth US$3.9 billion.

The agreement is yet to be approved by the IMF Executive Board on December 18.