The Cabinet of Ministers of Ukraine supported the draft order "On approval of the main activities of the joint-stock company "State Export-Import Bank of Ukraine" for 2020-2024" proposed by the Ministry of Finance. The relevant decision was made today, September 16, at a meeting of the Government.
The principles of strategic reform of the public banking sector, approved by the Government on September 2, 2020, define business models separately for each public sector bank.
It is envisaged that Ukreximbank is mainly a corporate bank focused on financing export-import operations with a partial presence in the retail sector.
The main activities of Ukreximbank for 2020-2024 envisage that the bank's mission will be to create and develop an accessible infrastructure of credit instruments, adapted with taking into account the specifics of export and export-oriented activities, in order to increase the competitiveness of Ukrainian business in world markets.
Such a model will ensure its proper functioning and will contribute to the effective management of the state bank, protection of the rights of depositors, creditors, the state as a shareholder and will be the basis for developing a strategy to ensure its further development.