The National Bank of Ukraine (NBU) has reviewed requirements to disclosing
information in banks’ financial statements pending introduction of
International Financial Reporting Standard 9: Financial Instruments
Thus, the NBU Board approved Resolution No. 34 On Approval of
Amendments to the Instruction on the Procedure for Compiling and Publishing
Financial Reports of Banks of Ukraine dated 4 April 2018.
The purpose of this instrument is to provide for:
of information in banks’ financial statements in accordance with IFRS 9
Financial Instruments and IFRS 7 Financial Instruments: Disclosures
compliance with the Law of Ukraine On Accounting and
Financial Reporting in Ukraine regarding submission of the Management
Following the approval of the Resolution users will have access to complete
and trustworthy financial statements of Ukrainian banks in order to make
important economic decisions.
Resolution No. 34 enters into effect from 7 April 2018.