Skip to content

Публікація EN_version_v0.2

Procedures and regulations for Ukrainian Banks at the end of accounting year

According to Directive of the Cabinet of Ministers No. 920-р dated 21 November, 2013 “Transferring of Working Days in 2014” and due to completion by Ukrainian banking system of operations of 2013, National Bank of Ukraine established special working hours during the period from 27 December to 31 December, 2013 (inclusive) and during first days of 2014 for Ukrainian banking system.

On 27 and 31 December, 2013, the System of Electronic Payments of the National Bank of Ukraine (hereinafter – the SEP) will operate under conditions of prolonged banking day (by two hours).

On 30 December, 2013, all client transactions must be completed.

On 31 December, 2013 until 13:00 all SEP participants may perform initial payments through the SEP only between banking institutions that subordinated to the same legal entity and payments directed to the Operational and Regional Departments of the National Bank of Ukraine or Bodies of the State Treasury Service of Ukraine. The Operational and Regional Directorates of the National Bank of Ukraine and Bodies of the State Treasury Service of Ukraine may perform initial payments addressed to all ESP participants.

On 2 January, 2014, banks will operate without clients and will provide the complex of works in relation of beginning of a new accounting year. This day interbank money transfers will not be performed through the SEP.

On 3 and 8 January, 2014, the SEP and Ukrainian banking system will operate as usual.

Ukrainian banking system’s working day will be transferred from 6 January (Monday), 2014 to 11 January (Saturday), 2014.

On 1, 6 and 25 January and 8 February, 2014, the SEP will not operate.

In order to provide the smooth operation of Ukrainian banking system and timely payment of salaries, pensions, welfare payments and other monetary payments banks must get in the Regional Departments of the National Bank of Ukraine necessary quantity of cash until 30 December, 2013 (inclusive) in order to back up operating cash desks.

During the period from 1 to 7 January, 2014, (inclusive) banks must provide continual operating of cashpoints and back them up with cash of different denominations in order to serve clients.

If required, on 1 and 2 January, 2014 and from 4 to 7 January 2014 (inclusive) banks may perform cash payments and currency exchange operations with foreign currency cash at foreign exchange offices.

Official exchange rate of hryvna against foreign currencies and banking metals set by the National Bank of Ukraine on 27 December, 2013 will remain in force from 30 December, 2013 to 7 January, 2014 (inclusive).

Subscribe for notifications

Subscribe to news alerts