NBU relaxes additional capitalization schedule for small banks

12:57, 08.04.2016 1 min read

The National Bank of Ukraine (NBU) has obliged banks to bring their charter capitals to at least UAH 200 million by the middle of next year, refusing to demand an increase to UAH 300 million by the end of this year.

The new relaxed additional capitalization schedule is approved in NBU order No. 242 dated April 7, 2016, the regulator reported.

"After the long discussions with bankers, the Independent Association of Banks of Ukraine and the profile committee the regulator decided to relax the capital increase schedule for banks," the NBU said, citing Deputy NBU Governor Yekateryna Rozhkova.

She said that the NBU heard some strong arguments: the impossibility of using 2016 profit for additional capitalization, the period for changing legislation to mitigate the procedure for merging banks or rejecting bank licenses, as well as issues relating to attracting investors under the current conditions.