The National Bank of Ukraine has released updated information on the holders of qualifying holding within Ukrainian banks. Thus, the National Bank of Ukraine continues to take measures aimed at enhancing the transparency and openness of banking activities.

As is known, the Ukrainian legislation requires banking institutions to submit annually updated information on the holders of qualifying holding to the regulator for public disclosure, and inform the regulator on the changes occurring in the holders of qualifying holding within a bank.

The National Bank of Ukraine is set to update the above-mentioned information on a regular basis as new information comes from banks.

These steps taken by the central bank will help restore equilibrium in the financial market and raise depositors and creditors' confidence in the entire banking system.

It is worth mentioning that information on the holders of qualifying holding is published by the National Bank of Ukraine based on data submitted by banks.

For reference

Qualifying holding in a bank means direct and/or indirect, independent or joint holding of 10 or more percent of the authorized capital or the voting rights granted by purchased shares (stakes) of a legal entity or the ability to exert decisive influence on the management or activities of the legal entity irrespective of the formal ownership.

Banks are obliged to publish information on the owners of qualifying holding on their websites. This information has to be available free of charge to all interested persons.