The NBU established the following procedure for submission of financial statements by Ukrainian banks under martial law to ensure stable and reliable operation of the banking system.
First, banks that could not complete compiling their annual financial statements and consolidated annual reports for 2021 due to the imposed martial law should continue their work after termination or cancellation of the martial law.
Second, if possible, banks should submit and publish on their websites their annual financial statements and consolidated annual reports for 2021 together with the auditor's report and submit their financial statements compiled on the basis of financial reporting taxonomy in line with international standards in unified electronic format, to the center for collecting financial statements, the operational management of which is carried out by the National Commission on Securities and Stock Market.
Third, the NBU does not impose corrective measures to banks for their violations of terms for submission of annual financial statements and consolidated annual reports for 2021 together with the auditor's report as well as for interim financial statements and interim consolidated financial statements for Q1 2022 for the duration of martial law and three months after its termination or cancellation.
Said amendments were approved by NBU Board Resolution No. 41 On Compilation and Submission of Financial Statements Under Martial Law dated 7 March 2022.