The top manager explained the decision due to health problems.
Chairman of the National Bank of Ukraine Kyrylo Shevchenko resigns. Shevchenko cited health problems as the reason for this decision.
“Friends, due to reasons related to health, which I cannot continue to ignore, I made a difficult decision for myself. I am leaving the position of head of the National Bank of Ukraine,” he wrote on Facebook.
Shevchenko thanked President Volodymyr Zelenskyi and Ukrainian institutions, his team, colleagues from the financial market and international partners for their cooperation. its mission: ensured the uninterrupted operation of the financial system in the extremely difficult time of a full-scale war,” Shevchenko writes.
Shevchenko attributes the following to the achievements of the team:
- Ensuring uninterrupted operation of the financial system and citizens' access to financial services in conditions of full-scale war;
- Preventing panic in the currency market;
- Stopping large-scale capital outflows for the purpose of protecting reserves;
- Keeping inflation at an adequate level during the war;
- Assistance to the state budget in view of the difficulties in raising funds during the war (probably such help is the emission of the hryvnia – ed.);
- Activation of the mechanisms of international financial assistance to Ukraine and the initiation at the international level of solutions to weaken the economy of the Russian Federation;
According to him, he is leaving to his successors a strong, stable and capitalized banking system that has passed the test of a full-scale war.< /p>
“Today, the NBU is really stronger than ever, in its ability to meet challenges and overcome crises, it is worthily tested by the war. And it retains its ability to be the basis of the post-war recovery of the economy and to direct the entire financial sector to it,” the head of the National Bank adds.
Now the decision on the resignation of the head of the NBU must be taken by the president, and approved by the Verkhovna Rada. The new head is appointed by the parliament on the proposal of the president for a term of seven years.
Until the Verkhovna Rada adopts relevant decisions on the dismissal and appointment of the chairman of the National Bank, the board will continue to perform its functions and manage the activities of the National Bank in its current composition.< /p>
Read also: Is it time for the NBU reduce the discount rate?
Recall that in July 2020, the parliament voted to appoint Shevchenko as head of the National Bank of Ukraine. In this position, he replaced Yakov Smoliya.
Kyrylo Shevchenko has been in the banking sector since 1994. He worked at “Ukrainian Credit Bank” (“A-Bank”), “Finance and Credit” bank. After that, he headed the State Mortgage Institution. In 2012-2014, he was an adviser to the head of Oschadbank, in 2015 he headed the board of Ukrgasbank.
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In 2009, he was an adviser to Prime Minister Yulia Tymoshenko for several months. strong>.
