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AUB is still fighting for a delay in opening affiliates of banks-nonresidents in Ukraine

24.05.2004 14:23
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The Council of the Association of Ukrainian Banks has confirmed its position as regards prematurity of opening affiliates of foreign banks in Ukraine and bound the AUB to inform the National Bank and the VR profile committee on it, the agency Interfax-Ukraine reports with reference to the AUB press service.

According to the AUB press service, the principal matter at the meeting of the Association’s Council having been held recently, was creation of favorable conditions for capitalization of the banking system of Ukraine.

In particular, bankers decided to initiate emendation of the bills on taxation of profits of enterprises and incomes of individuals for tax exemption of investments into the banking system and improvement of taxation of dividends reinvested into capital.

The AUB Council intends to work over rising of attractiveness of bank stocks and to enlarge the sphere of application of preference stocks.

The Association will also continue to fight for reducing coefficients of weighing by assets risks while calculating the ratio of adequacy of regulative capital, just to bring them into line with European legislation.

Source material Raiffeisen Bank Aval
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