CREDIT DNIPRO BANK EXPERT ON THE CONSEQUENCES OF THE PANDEMIC FOR THE ECONOMY AND BANKS, WAYS AND TOOLS TO OVERCOME THE CRISIS

16 June 2020
Ukraine is experiencing a crisis, the causes and consequences of which are significantly different from previous challenges. The coronavirus pandemic, which has swept the world for several months, has quarantined people, destroyed entire businesses and still has a significant impact on employment, income, leisure and habits. Andrei Prikhodko, head of the bank's investor department, told Delta Finance in an interview how the Ukrainian economy will get out of the current situation, what the state should do to recover it faster, how banks are restructuring their work and customer relations. Credit Dnepr.
 
Commenting on the topic of the exchange rate, the expert noted that there are no prerequisites for maintaining the hryvnia revaluation rate taken in 2019, given the declining interest of investors in emerging markets during the crisis and reducing incomes of workers. At the same time, the excess of the reduction in imports over the rate of decline in exports is a favorable factor for the balance of the currency. Further exchange rate dynamics will depend on the development of the pandemic situation in the country and in the world, on the pace of recovery of business activity and the state of foreign markets, affecting the ratio of foreign exchange supply and demand in Ukraine.
 
The banker also gave recommendations on choosing the best tools to save and increase funds depending on the available amount of investment.
 
“It is worth remembering the portfolio approach to investing. The combination of low-risk assets and high-risk assets will achieve high returns and reduce the risks of the overall investment portfolio, "said the expert.
 

The full text of Andrei Prikhodko's interview can be found at the link

 

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