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NBU and STAU should prevent bank dumping, says PrivatBank chairman
Journal Staff Report

KIEV, March 25 The National Bank of Ukraine and State Tax Administration should intervene when banks provide services at a price lower than cost, according to Dnipropetrovsk-based PrivatBank Chairman Oleksandr Dubilet.

"I'm surprised by the low profits of some banks, as I know the components of their balance. I think that this is an issue of dumping... The NBU and STAU should decide when services are provided at a price lower than cost, and how this cost is calculated. If the business is profitable, taxes should be paid to the state's treasury," he said in the Kommersant Ukraine newspaper.




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