Head Of Ukraine's National Bank Resigns, Citing Health

UKRAINE -- Kyrylo Shevchenko, Ukraine's Central Bank Governor, speaks during an interview with Reuters in Kyiv, February 1, 2021

Ukrainian central-bank Governor Kyrylo Shevchenko has submitted his resignation, saying he has decided to quit for health reasons.

"Due to health-related issues that can no longer be ignored, I have made a difficult decision for myself. I am leaving the post of chairman of the National Bank of Ukraine," he said.

The 49-year-old added that he had asked President Volodymyr Zelenskiy to accept his resignation.

Shevchenko said that he came to work at the National Bank of Ukraine (NBU) primarily as an anti-crisis manager, and he is leaving with the bank "stronger than ever in its ability to meet challenges and overcome crises."

His successor will find that he is "handing over a strong, capitalized, sustainable banking system" that he believes "will remain so in the future," he said.

Until a successor is named, the board of the NBU will continue to perform its functions and manage the activities of the regulator with its current composition.

With reporting by Reuters