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NBU Postpones Some Requirements of Regulation 351

NBU Postpones Some Requirements of Regulation 351

The National Bank of Ukraine (NBU) postpones the requirement of obligatory insurance of collateral to 1 January 2020.

Also, the NBU prolonged for the same term the permit to choose the procedure for defining the category of a corporate borrower under loans for investment projects from either Z-model or special procedure for investment project assessment.

Besides, the threshold for group assessment of corporate borrowers has been raised from UAH 2 million to UAH 5 million of outstanding debts.

The relevant amendments have been introduced with NBU Board  Resolution No. 146 On Amendments to Some NBU Regulations dated 22 December 2018, coming into effect from 27 December 2018.

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