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Tuesday, June 27, 2017

National Bank of Ukraine

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National Bank of Ukraine News

National Bank of Ukraine's international reserves rise to $9.6 billion

Preliminary data from the National Bank of Ukraine (NBU) indicates that its international reserves rose to approximately $9.6 billion as of May 1, the bank said on Thursday. Major factors that weighed on this total were principal debt and interest payments on external sovereign bonds and government securities, and to the International Monetary Fund. Total payments amounted to $737 million when interest is included. Read More »

NBU seizes Alpari Bank after buyer's paperwork rejected

The National Bank of Ukraine (NBU) issued a violation order recently against Anastasiia Abramova for allegedly not securing NBU consent through proper paperwork before acquiring a 99.9 percent stake in Alpari Bank.  Any individual or legal entity wishing to acquire a portion of a holding in a bank must seek approval first. This includes notifying the NBU of their intentions and submitting documents for the bank to approve. Read More »

NBU implements measures to stabilize monetary market

The National Bank of Ukraine (NBU) has approved multiple decisions that intend to stabilize the monetary market after recommendations from their Monetary Policy Committee (MPC,) they announced on Tuesday. The MPC proposed that in addition administrative restrictions currently in place that beginning on March 4, policy rate would rise to 30 percent per year in order to better regulate the national banking system's liquidity. Read More »

NBU provides emergency loan to PrivatBank

The National Bank of Ukraine announced on Friday that it has disbursed an emergency loan of approximately $28 million to PrivatBank in order for it to be able to meet its obligations to depositors. According to the regulator, the bank houses 26 percent of household deposits in the country and is unique in that it is a specialized savings bank with over 50 percent of its liabilities consisting of private deposits. Read More »