REUTERS
The regulator introduced the new Emergency Liquidity Assistance (ELA) facility in December 2016.
The National Bank of Ukraine (NBU) has tightened rules for loans with property rights used by a bank as collateral for emergency liquidity assistance loans issued by the central bank.
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The NBU may refuse to accept property rights for a loan if a borrower company has overdue debts in other banks or if an individual who borrows funds has arrears in other banks that are older than seven days, the NBU said on its website, referring to Resolution No. 119.
As UNIAN reported earlier, the National Bank introduced the new Emergency Liquidity Assistance (ELA) facility in December 2016. ELA loans are designed to cover temporary liquidity shortages experienced by a bank, which is provided in the event of emergency liquidity needs when banks have exhausted other sources of liquidity support.