The National Bank considers legal risks as the main obstacle for lending, NBU’s Financial Stability Department Chief Vitalii Vavrishchuk said during IV Legal Banking Forum, Finance.ua reports.
“The interest rates will remain high. However, the problem is not only in the cost of resources, but also that the legal resources impede the full-fledged resumption of lending. The banks do not have appetites for corporate lending; we saw the first seeds of its resumption last year”, Vitalii Vavrishchuk told.
According to him, currently, the banks tightened the criteria of selection of lenders and want to finance mainly small and medium business.
“The banks do not have appetite for lending a large business, they service their loans worst of all”, Mr. Vavrishchuk noted.
According to him, we cannot expect the high lending growth rates without strengthening the rights of lenders.
