All the necessary measures have now been legislated and the regulatory framework has been reformulated in order to be able to address the NPL problem in an efficient and expeditious manner. Banks need to follow faithfully the targets agreed with supervisors. Particular emphasis should be placed on the restructuring of companies and the closure of non-viable businesses.
Andriy Pyshnyy: Inflation targeting in a world of large and persistent shocks Speech by Mr Andriy Pyshnyy, Governor of the National Bank of Ukraine, at the workshop "Inflation targeting in a world of large and persistent shocks", organised in cooperation with the Euro Area Business Cycle Network (EABCN), Kyiv, 25 November 2022.