- •III. Draw up a plan of the text
- •Vocabulary Exercises
- •Translate the following sentences paying attention to the italicized words:
- •Vocabulary Exercises
- •7/7. Match British and American financial British
- •V. Complete the text using these words:
- •VI. Fill in the blanks with prepositions:
- •Vil Give the summary of the following text in English:
- •III. Write a report/make a presentation on the topics:
- •I. Answer the questions using the information from the text.
- •Vocabulary Exercises
- •I. Find the English equivalents for the following words and word-combinations in the text and make up sentences of your own with them:
- •III. Translate into English:
- •The national bank of ukraine
- •I. Answer the questions using the information from the text.
- •Vocabulary Exercises
- •IV. Change the noun form into the verb and adjective forms. You may need to use a dictionary.
- •V. Translate into English:
- •VI. Translate the following text into English:
- •II. Speak about:
- •III. Write a report/make a presentation on the topics:
- •Banking system of the united kingdom
- •Vocabulary Exercises
- •II. Find words and phrases in the text that mean:
- •III. Fill in the blanks with the most appropriate words from the list:
- •II. What do you know about the Bank of England? Which of the following statements are true/false? Find the part of the text that gives the correct information.
- •Vocabulary Exercises
- •III. Match these words as they occur in the text. Translate the phrases:
- •IV. Change the noun form into the verb and adjective forms. You may need to use a dictionary:
- •V. Suggest an appropriate synonym for each of the following words:
- •VI. Suggest an appropriate antonym for each of the following words:
- •IX. Fill in the blanks with prepositions:
- •X. Translate into English:
- •XI. Translate the following text into English:
- •7. Find the English equivalents for the following words and word-combinations in the text:
- •III. Give the summary of the text.
- •7. Discussion:
- •Vocabulary Exercises
- •IV. Fill in the blanks with the most appropriate words from the list:
- •VI. Complete the text using these words:
- •VII. Translate into English:
- •VIII. Translate the following text into English:
- •IX. Translate the following text into English:
- •I. Answer the questions using the information from the text.
- •II. Draw up a plan of the text.
- •Vocabulary Exercises
- •III. Change the noun form into the verb and adjective forms. You may need to use a dictionary:
- •V. Fill in the blanks so as to accurately portray the structure of the Federal Reserve System:
- •VI. Fill in the blanks with prepositions:
- •VII. Translate into English:
- •I. Discussion:
- •II. Speak about:
- •Banking services
- •Make up questions covering the content of the text and let your fellow students answer them.
- •Draw up a plan of the text.
- •Vocabulary Exercises
- •IV. Suggest an appropriate synonym for each of the following words:
- •V. Match the phrases with their explanations:
- •VIII. Complete the sentences below with the best answer:
- •X. Banks offer many different channels to access their banking and other services. Match the channels with their explanations.
- •Xl Complete the text using the words from the box given below:
- •XII. Fill in the blanks with prepositions: Benefits for the Economy
- •XIII. Translate into English:
- •II. Speak about:
- •III. Write a report/make a presentation on the topics:
III. Write a report/make a presentation on the topics:
History of banking in Ukraine.
History of banking in the UK.
History of banking in the US.
History of banking in Canada.
History of banking in Australia.
Unit IL BANKING IN UKRAINE
Reading Text A
S^UCTURE OF THE BANKING SYSTEM OF UKRAINE
Th^evolution of the national banking system in Ukraine started in March, 1991, after the adoption of the Law of Ukraine "On Banks and Banking" by the Verkhovna Rada. This law defines the structure of the banking system, the economic, organizational and legal basis for the establishment, transactions, reorganization and liquidation of banks in Ukraine.
The Ukrainian banking system is a two-tier structure consisting of the National Bank of Ukraine and commercial banks. The National Bank of Ukraine serves as the country's central bank which pursues a uniform state monetary policy to ensure the national currency stability.
In Ukraine commercial banks may be founded in the form of a joint-stock company or a cooperative bank. Banks may operate as universal or specialized institutions. According to their specialization, banks may be classified as savings, investment, mortgage and settlement (clearing). Each bank may independently determine areas of its activity and specialization by types of operations. Each bank may acquire the specialized bank status when more than 50 percent of its assets are represented by assets of the same type.
The range of commercial banks activities includes receiving deposits of enterprises, institutions and households, crediting of economic entities and households, investments in securities, formation of cash balance and reserves, as well as other assets, cash and settlement servicing of the economy, foreign exchange operations and other services to individuals and legal bodies.
As of 1 January 2008, 198 commercial banks were registered in Ukraine, of which 184 have been granted licenses by the NBU to perform banking transactions.
Ukraine's banking sector has a high level of concentration. According to the NBU data, over 50% of the sector's total assets are held by the 10 largest banks. According to the NBU, as of 31 December 2008 the total statutory capital of domestic banks was UAH 83 billion (it's about US $ 10 billion). Moreover, at least 53 banks in Ukraine had some foreign capital, of which 17 were wholly owned by foreigners, and 45% of total statutory capital in all Ukrainian banks was represented by banks with foreign capital. It is significant that the top ten commercial banks include the two state-owned banks (Oschadbank and Ukreximbank), several banks with foreign capital and one foreign bank - Raiffeisen Bank Aval.
Commercial banks require a license from the NBU to operate. For banks registering after 4 October 2006, the minimum statutory capital requirement is EUR 10 million.
The banks in Ukraine act in accordance with the Constitution of Ukraine, the Laws of Ukraine "On the National Bank of Ukraine", "On Banks and Banking", the Ukrainian legislation on joint-stock companies and other economic entities, as well as with the normative regulations of the National Bank of Ukraine and their Statutes.
Comprehension check-up