KYIV, July 3 – Parliament approved a bill that is aimed at helping banks overcome problems and restart lending to businesses across the country, the National Bank of Ukraine reported.

The bill No. 6027-d was approved in the second and final reading, backed by 239 lawmakers in the 450-seat legislature.

"In the conditions of the enhanced protection of rights of creditors banks would be able to announce more balanced requirements to borrowers. This, of course, would help to spread lending, cut the cost of borrowed funds and ease the access to bank products for economic entities and natural persons," the NBU said.