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NBU completes cleanup of banking system

NBU completes cleanup of banking systemThe National Bank of Ukraine (NBU) has completed the major cleanup of the banking system, however, it allows the withdrawal of some small banks from the market due to illiquidity, NBU Head Valeriya Gontareva said.

Read also: Inflation slowed in Februery quicker than NBU projected

"We have withdrawn 62 banks from the market by sending them to the Individuals' Deposit Guarantee Fund. We've almost completed the cleanup, however this does not rule out that small banks will be still closing," Gontareva said.
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