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NBU Extends Deadlines for Processing the Auditors’ Reports on Bank Asset Quality Assessment

NBU Extends Deadlines for Processing the Auditors’ Reports on Bank Asset Quality Assessment

The NBU has extended deadlines for processing auditors’ reports on bank asset quality assessment*.

The deadlines were changed as the NBU needed to perform a detailed analysis and additional processing of data submitted by auditors and banks.

The changes are as follows:

1) the NBU shall send requests for preparing capitalization programs to banks that are subject to resilience assessment held in

two stages ­­– by 1 August 2018

three stages – by 17 August 2018

2) the banks for which the NBU has decided to conduct the two-stage resilience assessment shall submit their capitalization programs by 15 September 2018.

The above changes are approved  by NBU Board Resolution No. 76 On Approval of Amendments to the Regulation on Assessing Resilience of Banks and Banking System of Ukraine dated 10 July 2018. The amendments shall take effect on 11 July 2018.

* Auditor's reports were provided under the Regulation on Assessing Resilience of Banks and Banking System of Ukraine, approved by NBU Board Resolution No. 141 dated 22 December 2017.

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