OREANDA-NEWS. January 8, 2010. The Association of Ukrainian Banks held a press-conference dedicated to signing the Memorandum of Cooperation between Ukrainian Union of Lessors Association (UUL) and Assоciation of Ukrainian Banks (AUB). Cooperation will cover the questions of investors’ and creditors’ rights protection.  On the part of the lessors the Memorandum was signed by Roman Ivanenko – the Chairman of the Board of Directors of UUL and Maryna Murga – Executive Director of UUL.

The signing of Memorandum of Cooperation between Assоciation of Ukrainian Banks and Ukrainian Union of Lessors Association held on 22 December was caused by the necessity to coordinate the joint efforts to guarantee the system interests of banks and leasing companies in conditions of political and financial crisis. The leaders of the leasing industry initiated thе development of such Memorandum with the aim to prevent any dangerous background for system nonperformance of payment obligations.

The Chairman of UUL, General Manager of Euro Leasing LLC, Roman Ivanenko comments: “Signing the present memorandum of cooperation with AUB is an important step in setting up a constructive dialogue with the state authorities as to building national modern transparent capital market. Our cooperation will be based on the market, honesty and partnership principles as well as on the principle of superiority of system interests over individual needs of the market players. That is why we are able to contribute to the creditors’ rights protection on all levels of social and state institutions: in legislation, state regulatory sphere, courts, mass media, etc.”

The cooperation between lessors and bankers involves joint efforts as to improving legislation, facilitating current administrative and licensing procedures, providing complex suggestions and comments as to the rights protection problems in Ukraine. An important element in the cooperation program is the contribution to building up the principles of adherence to contract liabilities in the Ukrainian society and inevitability of punishment for persistent non-payers and financial fraudsters. In the framework of Memorandum the joint informational and educational events will be held both for public and professional market players.