According to asource in the NBU, almost all refinancing loans were received bythree state banks who also took part in speculative trades.However, the regulator did not impose any sanctions on them,reports Forbes.
"It would be unwise to impose sanctions on the state banks whopractically work as the NBU branches", said a NBUofficial.
Eventually the market participants who set the highest quotes oncash dollar on September 5 were punished.
That day the rate reached 8.29-8.30 UAH/USD.
The regulator decided that these banks were the ones causing panicamong population and they shall be punished.
The banks that were selling the dollar at a higher rate were, as acautionary measure, were denied access to the Interbank currencyexchange. "They will not be able to access the open market to buycurrency for one month", said a source in the National Bank.
The market participants immediately rolled their limits on theoutlaw banks. The National Bank does not divulge either the namesof the refinancing recipients or the banks that werepunished.
Forbes claims that the lucky list comprises the Agricole Bank, thePlatinum Bank, the National Investments Bank, the Premium Bank, andthe Region Bank.