The NBU will take additional measures to minimize the impact of the war on the banking system


The National Bank has approved a list of additional measures to maintain the stability of the banking system by minimizing the negative impact of Russian aggression.

This is according to the press center of the National Bankreports Ukrinform.

The regulator has temporarily expanded the list of streamlined regulations governing banking operations. The easing relates to the regulation on determining the amount of credit risk on active banking operations by banks of Ukraine; Regulations relating to the organization of the risk management system in banks and banking groups; Regulation on plans to resume operations of Ukrainian banks and banking groups; Regulations on the organization of the process of managing troubled assets in banks of Ukraine.

Read also: NBU has $27.7 billion in foreign exchange reserves, considered “adequate” – governor

“It is also envisaged not to apply influence measures to banks for violation of the procedure for the constitution and storage of compulsory reserves, established by the relevant regulation, which emerged in the middle of the war period and is the result of the negative effect of Russian military aggression, the statement added.

As noted, from March 21, 2022, the daily limit for cash withdrawals in Ukraine and abroad has increased from 30,000 UAH to 100,000 UAH (equivalent). The National Bank also capped at UAH 100,000 (equivalent) per month the total limit for P2P transfers, payments on card transactions for the purchase of assets directly convertible (exchanged) into cash and belonging to transactions in quasi -cash. These transactions include replenishing e-wallets, brokerage or forex accounts, paying travelers checks, buying virtual assets, etc. In addition, the National Bank has expanded the list of exceptions to the ban on transfers abroad. These exceptions now include foreign exchange transactions by residents in performance of government-guaranteed obligations.


About Author

Comments are closed.