Fighting the financial crisis in Ukraine's banking sector

The first strokes of the financial crisis in Ukraine's banking sector were connected with difficulties with access by Ukrainian banks to overseas loans. This was followed by mass depositors' demands on pre-term repayment of deposits, leading to intensive cash outflows in the banking system. The banks simultaneously started making decisions to increase interest rates under loan agreements concluded with their clients, putting their borrowers in a critical position. To improve this situation, the following laws and regulations were passed: