The Ukrainian Credit-Banking Union ( uk, Український кредитно-банківський союз, translit=Ukrainskyi kredytno-bankivskyi soyuz) is a
banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Becau ...
association created as the ''Kyiv Banking Union'' in 1994 by twenty
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with co ...
s operating in the city of
Kyiv
Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the seventh-most populous city in Europe.
Kyi ...
,
Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...
, for the purpose of cooperation between Kyiv's financial institutions, and to manage collective interaction with authorities. The organization has expanded to nearly a hundred members, operating throughout the country and in 2005 reincorporated under its current name. The Ukrainian Credit-Banking Union works with Committees of the
Verkhovna Rada
The Verkhovna Rada of Ukraine ( uk, Верхо́вна Ра́да Украї́ни, translit=, Verkhovna Rada Ukrainy, translation=Supreme Council of Ukraine, Ukrainian abbreviation ''ВРУ''), often simply Verkhovna Rada or just Rada, is the ...
(the Ukrainian
parliament
In modern politics, and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: representing the electorate, making laws, and overseeing the government via hearings and inquiries. Th ...
); the
National Bank of Ukraine
National Bank of Ukraine ( uk, Національний банк України) or NBU ( uk, НБУ) is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, includ ...
(Ukraine's
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central b ...
); the Ukrainian Ministry of Justice, and the tax administration of Ukraine to discuss improvement of banking legislation and other relevant matters.
Prominent banker and politician
Leonid Chernovetsky
Leonid Mykhaylovych Chernovetskyi ( uk, Леонід Михайлович Черновецький; born November 25, 1951 in Kharkiv, Ukrainian SSR, USSR) is a former Mayor of Kyiv, the capital of Ukraine, from 2006 until the summer of 2012. He w ...
was the founder and leader of the union.
External links
Ukrainian Credit-Banking Union - official page
Banks of Ukraine
Financial regulation
Economy of Kyiv
{{Ukraine-company-stub