Tymoshenko initiates postponing of loan repayments for agri companies

Premier Minister of Ukraine Yulia Tymoshenko said yesterday she will request from banks to postpone loan repayments for domestic agricultural companies by September 1, 2009, through flood damages in Western Ukraine. Anna Dudchenko: Postponement of loan repayments would be highly appropriate, but it is hardly feasible at the moment, in our view. Ukrainian banks are now cutting lending expansion plans on the back of liquidity problems as the National Bank of Ukraine is constantly tightening screws of monetary policy.