Photo: Kirill Shevchenko – the new head of the NBU

The Verkhovna Rada appointed to the post of head of the national Bank Chairman of the state Board of Ukrgasbank Kirill Shevchenko.

The Verkhovna Rada has appointed a new head of the NBU. And quite unanimously, for a long time the personnel issue has not gained more than 300 votes. The new head of the regulator was Kirill Shevchenko. From the beginning he is considered the favorite for the post.

Корреспондент.net understand what to expect from the new head of the regulator.

Banker with experience

Kirill Shevchenko works as the Chairman of the Board of Ukrgasbank in 2015. Prior to that, he was Advisor to the Chairman of the management Board of another state Bank – Oschadbank. From October 1995 to December 2006 in the Bank Finance and Credit Shevchenko went from chief of the regulations to first Deputy Chairman of the Board.

From December 2006 to may 2009, he headed the State mortgage institution, and from may 2009 to September 2009 worked as an adviser to the Prime Minister of Ukraine Yulia Tymoshenko.

For the appointment of Shevchenko voted 332 MP. It is members of the party the Servant of the people, OPSG, Batkivshchyna, Dovira, of the group For the future and 13 unaffiliated.

Voice and the European solidarity abstained.

The emission?

Most of all fears due to the change of the head of the NBU is associated with the possible fall of the hryvnia and starting the printing press.

Shevchenko has vowed not to allow “uncontrolled inflation and emissions”.

He also noted that cooperation with the IMF “is necessary for further work of the financial system of our country.”

According to Shevchenko, the main challenge that he put President — the preservation of the institutional independence of the NBU.

Although it is for the loss of independence of the national Bank after the change of its head are experiencing the most in the West.

A famous analyst Ukraine strategist and financial company Bluebay Asset Management Timothy ash believes that Shevchenko candidacy supported in Parliament to remove the acting Kateryna Rozhkova, which does not suit the majority in Parliament.

The people’s Deputy from the Servants of the people Alexander Dubinsky repeatedly asked Shevchenko if he is going to fire the acting head of the NBU Catherine Rozhkov, Deputy head of the NBU Oleg Churia and other Board members. Shevchenko refused to answer this question.

The obvious choice

Financial analyst Sergey Fursa calls the choice of Shevchenko to the post of head of the NBU is not the worst option: “ When you have Danylyshyn, combining the quality of mad Professor and human Kolomoisky, and funny Kruglik, who spent a few years without a job after he was fired from the national Bank for incompetent and now driven by a group of Lyovochkin — Firtash, the head of Ukrgasbank, quiet and non-public professional, looks like a winner”.

According to Fursa, the main problem of Shevchenko that it is in any case will depend on the President.

“Hence, the policy of the NBU will change. So, the desire of the office of the President will be the priority. This cheap loans that are issued to their and which nobody ever returns. This productive issue. And understandable course. All this will end badly. Not now. Not immediately. Ukraine’s economy will be like the frog who’s not thrown into the boiling water, and cook on low heat. And then we will see the standard usual devaluation and high inflation. The national Bank will solve the problems of the Ministry of Finance with the budget and the President’s rating. Can he become independent? Unlikely. We’re talking about a man, 10 years head of the state Bank in Ukraine. A man who was an adviser to Yulia Tymoshenko 10 years ago. These people know a lot about hardware game. And I know when I listen to the boss. And I know that it is more important than spending policy, the results of which are not obvious, and plus we’ll see soon,” – says Fursa.

The expert recognizes that Shevchenko is really a professional banker, as and when a real professional is hard to convince to play games with the President, involving someone not on the block already can please.

But Finance Minister Sergei Marchenko said the new head of the National Bank of Ukraine Kirill Shevchenko the most optimal and successful candidate for this position.

The Minister looked forward to continued balanced monetary policy and the continuation of constructive cooperation between the National Bank and Ministry of Finance.