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NBU Continues to Take Measures to Minimize Adverse Impact of Russian Military Aggression on Banking System of Ukraine

NBU Continues to Take Measures to Minimize Adverse Impact of Russian Military Aggression on Banking System of Ukraine

The NBU’s current priorities include minimization of adverse impact of Russian aggression on Ukraine’s financial system and supporting its stability. To that end, the NBU has done the following:

  • cancelled the annual resilience assessment of banks in 2022
  • amended the regulation on waiving the imposing of corrective measures to banks for violations of economic ratios, open FX position limits, terms for submission and publication of their financial statements if such violations occured after the start of the military aggression
  • halted, for the duration of martial law, the terms for submission/reviewing information and documents set forth by the NBU regulations
  • adjusted the procedure for submission of information on compliance with the economic ratios and other information to the NBU.

Additionally, the NBU postponed implementation of certain NBU regulations.

Said provisions were approved by NBU Board Resolution No. 40 On Amendments to Certain Regulations of the National Bank of Ukraine (UKR) dated 7 March 2022, and are effective from 7 March 2022.

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