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No second wave of crisis?
 
No second wave of crisis?

Ukraine should not be concerned about a second wave of financial crisis of the banking system the nearest time, the Managing Partner of PricewaterhouseCoopers company Borys Krasnyansky told UNIAN about it.

As for possible new bankruptcies, according to him, Ukraine has really a serious problem of non-payment of bank loans.

He stressed that he sees no prerequisites for a wave of bankruptcies due to the large volume of bad loans. "Banks are never interested in the bankruptcy of their borrowers. Take a look at restructuring the debt of our major metallurgical companies abroad, we are talking about US $3 bn, US $1 bn-plus. A similar situation is with the restructuring of payments on Eurobonds of our company's developers. Being practically in default, they traveled, talked and restructured their debts. The matter is that Western lenders are usually willing to restructure debts. Another way-out is to declare the debtor bankrupt, enter into the ownership of its assets in Ukraine. But they do not realize that the legal environment in which they will have to work ", - the expert said and added: "I do not expect much pressure on the Ukrainian debtors from the western banks, but Ukrainian banks are much better able to receive their debts from Ukrainian companies. But even for them is always preferable to get their money back, and not to declare the debtor bankrupt. "

In turn, the head of BNP Paribas in Ukraine representative office Dominique Menu noted that the expectation of the second wave of the crisis in Ukraine, primarily is being explained by political instability. He said: "I do not see the real reasons for the second wave of the crisis in Ukraine". Losses in the financial sector are growing, but it happens all over the world - this is a normal process in the financial crisis. And it will not cause its deterioration”. Summing up, Dominique Menu noted the lack of real state assistance n solving the problems of the Ukrainian financial sector.



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