Viche 2012 13

13, 2012

Deposits protection program: minimum risks, maximum benefits

Credit unions teach clients to count money

Last year was the year of recovery after the crisis for credit unions: most of them brought their key figures at the pre-crisis level. At the same time the peculiarities of this market in Ukraine cause certain defects that need to be removed. Lessons of the recent financial crisis should force not only lenders and borrowers to change the approach to lending market, but also government officials.

Ivan VYSHCHNEVSKIY, the Chairman of the Credit Unions Association  Deposits protection program (CUA "DPP"), the Chairman of the Ukrainian United Credit Union (UUCU), told the readers of Viche about the problems which have to be solved, until they do not influence negatively on the stability of the financial sector once again.