The currency restructuring of consumer loans in Ukraine will lead to immediate billions in losses to credit institutions, the devaluation of the hryvnia in 2 times and higher prices, said on the last working day of the week at a press conference Executive Director of the Independent Association of Ukrainian credit organizations Yelena Korobkova.

on Thursday, the Ukrainian Parliament adopted in the 3rd reading of the law on the restructuring of foreign currency consumer loans. Obligations will be possible to transfer into hryvnia at the exchange rate on the day of conclusion of the credit agreement, entered a two-year moratorium on collecting deposits, but most importantly - you can write off up to 85% of the principal. The write-off will be may be, if the total payments on the loan prior to the entry into force of the law exceeded 15% of the principal amount.

"The banking system believes that the adoption of the law 1558-1 Is a diversion not only against Ukraine, sabotage against the Ukrainian people," said Korobkova.

"I can say that the losses from the conversion of all deposits at the rate of 5, 05 will be 100 billion (UAH - ed Or 4, 7 billion). This immediate loss of credit institutions, besides the losses of credit institutions each year will be about 2 billion hryvnia (95 million dollars) due to the non-market value of the resource. I can say that we will be heading 40, maybe 50 (hryvnia per us dollar - ed.)", - explained Korobkova.

in her expressions, This will lead to a depreciation of wages, an increase in the cost of food, fuel." Populism you can't give up " - she added.


on a subsequent day after the adoption of this law, a scandal erupted elected officials EN masse began to criticize him, and to revoke their votes, so as not understood at the time of voting for what they voted. The presidential faction "Block of Petro Poroshenko" has told that the law has the ability to be puregroove.

for his part, the Minister of Finance of Ukraine Natalie Jaresko said that he considers the law on the restructuring of foreign currency loans populism, " which has nothing to do with justice ". The main financier of Ukraine was surprised that elected officials " decided to take care of the interests of literally only a small number of borrowers who took out foreign Currency loans ".

Currency borrowers periodically rallied to demand the restructuring of their loans. The protesters demanded the adoption of a law which provides for the conversion of foreign currency loans at the rate of five per dollar, which was before the financial and economic fall of 2008. At the moment the rate of the national currency - 21 hryvnia per dollar.

sections: Politics