NBU has changed one of the requirements for banks

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The regulator has reduced the minimum amount of regulatory capital for financial institutions

The NBU has changed one of the requirements for banks. Photo: bank.gov.ua

The National Bank of Ukraine has reduced the requirements for minimum regulatory capital of banks from $ 500 million to $ 200 million. Such a decision is based on an amendment to the law of Ukraine “on banks and banking activities”, the press service of regulatory reports.

NBUs are considered invalid as special requirements for banks that manage construction financing funds. In the National Bank, this law was connected with the action of No. 79-IX, according to which from 1 July, the right to regulate and supervise the activities of banks in the matter of management of construction financing funds was transferred to the National Security Commission and the Stock Market Will go.

These changes have been approved by NBU decision number 77, which comes into force on 20 June.

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Earlier, we wrote that the National Bank has introduced a number of exemptions for Ukrainian banks with the aim of supporting the region “under current economic circumstances”.

Read: What to do if the bank unexpectedly increases the tariff to use the card – NBU comment

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