On December 25, 2014, the NBU Board approved Resolution No. 860 On Amendments to the Regulation on Disbursement of Stabilization Loans to the Ukrainian Banks by the National Bank of Ukraine.

This Resolution amends the procedure for granting the stabilization loans to the Ukrainian banks with regard to the interest rate which is set at the level of the NBU discount rate plus 1.5 p.p. and is subject to adjustment within the term of validity of the loan agreement, if the NBU discount rate changes; additions and specifications to the list of restrictions applied to a bank using stabilization loan.

It also adds integral property complex (which may be accepted together with the equity rights) to the eligible collateral list; introduces a requirement to the financial suretyship agreement with the owner of a qualifying holding in a bank/controller, which has an impact on the adjustment coefficient applied to loan collateral, and sets the requirements to the appraisal agencies.

The Resolution enters into force on the day following its official publication.