The National Bank of Ukraine (NBU) has introduced new methods for assessing foreign direct investment (FDI) stock in line with their current market value. This move will make it possible to bring the value of the stock of FDI closer to market values and reduce the discrepancies between data compiled by the NBU and the State Statistics Service of Ukraine.

According to a posting on the NBU's website, the 2008–2009 global financial and economic crisis caused a significant decline in the market value of the enterprises' assets, including banks’ assets. As the revaluation of assets has not been carried out, a portion of the stock of FDI has been overvalued on the books since 2010.

The methodology of the sixth edition of the balance of payments and international investment position manual requires that the revaluation of assets be carried out in case of major changes in market values of assets. The NBU has applied this methodology since 2015, the central bank said.

Following the revaluation of the stock of FDI valued at the price of the latest transaction based on the market value during the period from 2010 to 2016, their value declined by $14.1 billion, standing at $48.9 billion (versus $63.0 billion according to the previous estimation).

The regulator also said that starting from 2017 the revaluation of the major listed companies will be carried out by the NBU and the Statistics Service on a quarterly basis. In addition, the NBU intends to transfer data on FDI in the banking sector to the Statistics Service. This move will require the NBU to upgrade software and accommodate formats in which data will be transferred to the Statistics Service.