The National Bank of Ukraine is constantly making efforts to avert the deterioration in bank liquidity and ensure that banks meet their obligations to depositors and creditors as they fall due.  

To this end, on February 19, 2015, the Board of the National Bank of Ukraine passed resolution No 120, whereby loan maturities for loans granted by the National Bank of Ukraine to support bank liquidity /emergency loans provided under financial rehabilitation programs, and loans granted to preserve bank liquidity have been extended until June 10, 2015. These loans were to fall due by March 2015.

In addition, in order to lower the burden on liquidity of problem banks that are involved in efforts to restore their financial health and boost liquidity levels, the aforementioned resolution allows these banks to defer payments of interest accrued on these loans.

"The decision to extend loan repayment holidays for banks was made given a difficult political and economic situation in Ukraine that takes its toll on the banking industry. By maintaining liquidity at the required level, we ensure banks' ability to meet their obligations to depositors and other creditors," said First Deputy Governor of the National Bank of Ukraine Oleksandr Pysaruk.