NBU cancels "anti-crisis" resolution reallowing sanctions against banks

"The Board of the National Bank of Ukraine has recognized void NBU Resolution No. 129 of February 24, 2015 On Some Issues of Banks' Activities. The resolution was adopted due to a simultaneous negative impact on the banking system activities of significant and shocking factors, namely a sharp deterioration of economic situation, significant devaluation of the national currency, as well as events in Crimea and the east [of Ukraine]," it said.

The regulator based its decision on the fact that the negative consequences of the crisis had already been identified by banks and taken into account in the developed and implemented stabilization plans amid positive changes in the banking sector.

Moreover, the moratorium on the application of measures for violation of these indicators and the effect of restrictions on the banks that continue to stabilize their indicators under the plans developed in compliance with the said resolution was extended until January 1, 2019.

Read alsoNBU revokes license of Ukraine's largest chain of forex boothsAs UNIAN reported earlier, in February 2015, the National Bank ordered 129 banks to assess all their active banking transactions and create reserves in full.

Simultaneously, the NBU decided not to apply measures to the banks for violations of a number of economic standards related to the devaluation of the hryvnia or the reserves formation.

At the same time, the regulator has set a number of restrictions for banks that violate the standards, requiring such financial institutions to develop and submit detailed stabilization plans.