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The National Bank of Ukraine (NBU) has designated the country's three largest bank – PrivatBank, Oschadbank and Ukreximbank – as systemically important banks, and introduced special regulations for them.
According to the NBU, starting from January 1, 2019 systemically important banks are required to ensure at least 30% of the instant liquidity ratio (Н4) ,while for the rest of the banks this requirement is set at 20% and higher.
In addition, the single counterparty exposure limit (H7) has been set at no more than 20% for the banks of systemic importance starting from January 1, 2019. For the rest of the banks, its size has been defined at no more than 25%.
Moreover, the backbone banks should create the buffer of systemic importance starting from January 1, 2020. Its size will be differentiated depending on the total amount of risks in accordance with the NBU Instruction on Banking Regulation.
The regulator attributes its decision to the fact that the banks of systemic importance can strongly influence the financial stability in the country.
According to the NBU methodology, a bank is designated as s systemically important bank when a number of its indicators exceed the average ratios of systemic importance of the respective banks. Such criteria include the volume of total assets, the volume of customers' funds, as well as funds deposited in other banks and received from other banks, the volume of loans provided to industry, agriculture and construction.
UNIAN's memo. Dnipropetrovsk-based PrivatBank has been operating on the Ukrainian market since 1992. It is the largest bank in Ukraine in terms of assets. Its key shareholders are Hennadiy Boholiubov and Ihor Kolomoisky, who directly and indirectly own 45.3182% of the bank's capital each.
Public joint-stock company State Savings Bank of Ukraine, or Oschadbank, was registered as an independent banking institution with the National Bank of Ukraine on December 31, 1991. Oschadbank is a 100% state-owned bank.
The State Export-Import Bank of Ukraine (JSC Ukreximbank) has been operating on the Ukrainian market since 1992 and is one of the largest financial institutions in terms of assets, with 100% of its shares owned by the state.