The National Bank of Ukraine (NBU) on March 4, 2017 relaxed the rules for providing documents to register amendments to agreements related to taking credits in foreign currency by residents from nonresidents, the NBU said in a press release last week.

According to the press release, banks do not need to provide scanned copies of documents to the central bank if there are signs of risky financial transactions if the amendments are related only to the following cases: the reduction of the credit rate, fee, fine and other payments; the transfer of a resident borrower to servicing to another authorized bank; and the change of legal address of the borrower and prolongation of the term of a credit or a loan.

The NBU recalled that the list of signs of risky financial transactions is outlined in the rules for analysis and check of documents (information) about financial transactions and their participants approved in NBU Board resolution No. 369 dated August 15, 2016.