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National Bank of Ukraine May Declare Banks as Problematic for Banks’ Non-compliance with Minimum Statutory Capital Requirements

On 30 May 2016, the Board of the National Bank of Ukraine issued Resolution No. 336  authorizing the NBU to declare a bank as problematic if the size of its authorized capital fails to comply with the minimum statutory capital requirements.

The minimum statutory capital requirements are set forth in Article 31 of the Law of Ukraine On Banks and Banking. This being said, for those banks whose authorized capital fails to comply with the minimum statutory capital requirements,  the NBU has developed a phased plan for bringing their authorized capital in compliance with the statutory requirements.

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

 

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