The banks are able to access to the registers of acts of civil status, powers of attorney, the state register of real estate rights and mortgages, including access to archival records. Strengthened the liability of the guarantors for failure to meet credit obligations of the debtor. Previously, the company was able to gain loans and then declare bankruptcy. This was the official reason not to repay their debts. Now obligation can proceed to the guarantors.
“These innovations give more rights and protect creditors. However, one who gives credit more secure than one who takes. The risks are passed on to the debtor. If these legislative changes aimed at further reduced rates, the national Bank begins at the wrong end. You should start with lowering interest rates, the stability of the hryvnia. The only way it will recover lending to the real sectors of the economy. Now credited only speculative and trade operations”, – says Andrey Novak.