NBU considers increasing interest rate limit for long-term external borrowings

According to Anatoliy Shapovalov, National Bank of Ukraine deputy chairman, the NBU is considering upgrading the upper interest rate limit for long-term borrowings of Ukrainian banks (over three years) on external markets – from ~11% to 12-13% per annum. Andrii Parkhomenko: The move would facilitate external debt attraction for Ukrainian banks in an environment of tough liquidity, and therefore high interest rates, on external debt markets.