Purpose. Technical support to the Independent Association of the Banks of Ukraine in establishing a secretariat and arbitration committee, as well as strengthening the capacity of the association’s representatives and arbitrators, support in developing a new administrative framework for the law on financial restructuring in Ukraine that encourages more out-of-court restructurings, and improving the effectiveness of the new legal framework.
Products for the NBU and key events:
- measures were taken to provide information on the extension of the Law of Ukraine On Financial Restructuring (publications on the official website of the NBU, participation in public events, preparation of information and reports for members of the Supervisory Board on the organization and conduct of the financial restructuring procedure, the Committee of the Verkhovna Rada of Ukraine on Financial, Tax and Customs Policy)
- •the possibility of voluntary settlement of bad debts at the legislative level was obtained; the implementation of the instrument to reduce non-performing loans continues
- a total of 63 financial restructuring procedures worth a total amount of UAH 81,024,618,071 had been carried out as of 1 May 2024.