The National Bank of Ukraine (NBU) has introduced a number of exemptions for banks as a result of the hryvnia devaluation.
The corresponding decision was stipulated in NBU decree No. 129 dated Feb. 24, the text of which is available on the NBU’s website.
“[The NBU] does not apply enforcement measures to banks for the violation of prudential regulations for the minimum amount of regulatory capital, sufficiency (adequacy) of regulatory capital related to the revaluation of foreign currency accounts and bank metals due to the hryvnia devaluation after Feb. 6, 2015 and/or caused by the formation of reserves to reimburse for possible losses on active banking operations,” reads the decree.
According to the decree, the exemptions also apply to current liquidity norms, short-term liquidity, the maximum credit risk per counterparty, large credit risks, the maximum amount of loans and guarantees granted to one insider, the maximum consolidated amount of loans and guarantees provided to insiders, and the limit of a total short open forex position.
