The balance sheet assets and liabilities of the National Bank of Ukraine (NBU) in Chernihiv Oblast have been revamped into a single centralized balance in Kyiv, the NBU said on its website.
NBU Deputy Chairman Vladyslav Rashkovan said that the transfer of the balance sheet assets and liabilities of the National Bank of Ukraine in Chernihiv Oblast to a single centralized balance is part of the One Interbranch Turnover project aimed at combining more than 30 decentralized balances into a single National Bank balance sheet.
“We are following the logic way of centralizing the banks’ balance sheets. This will not only allow us to improve the financial management of the National Bank’s finance but also greatly simplify internal processes,” he said.
According to the report, NBU decision No. 644 dated Sept. 29, 2015 centralizes management functions in Chernihiv Oblast and excludes the department from the NBU structure.
