Vladimir Lavrenchuk: "the Current situation allows to hope for the recovery of the profitability of Ukrainian banking system in 2016."

Kiev. 2 Nov. — This is the opinion of the Chairman of the Board of Raiffeisen Bank Aval said during a speech at the panel discussion on CIS Banking Forum, was held last week in Kiev.

the biggest trends that will propel the development of the financial sector next year, Volodymyr Lavrenchuk took the further introduction of digital technologies, the capitalization of the banking system and a gradual reduction in interest rates.

“the Competition between banks is now more going on in the plane's ability to raise additional capital from its shareholders”, — said during his speech, the Chairman of the Board of Raiffeisen Bank Aval. “a Shortage of capital, unfortunately, makes it impossible to increase the volume of lending to the domestic economy from the banking system», — he added.