The National Bank of Ukraine has started measures to pursue an open policy and develop even and clear relations in the banking market. The authority has made a number of decisions allowing higher transparency of access to refinancing, maximum use of tender mechanisms and minimization of transactions initiated by banks.

Thus, at first, the National Bank of Ukraine abandoned repo transactions initiated by banks.

Second, liquidity support will be mostly provided through weekly refinancing tenders. This should ensure a level-playing field for all banks and trigger market development.

Third, tenders will be held without announcing amounts and rates. It will make it posible to define real demand for, and the market value of resources.

To support the announced policy of openness and transparency of the National Bank of Ukraine's activities, as well as the parity approach to all banks of Ukraine, the National Bank of Ukraine will further enhance bank refinancing criteria and procedures.