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Monday, December 11, 2017

National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks

The National Bank of Ukraine (NBU) has eased up on lending conditions for its deposit guarantee fund (DGF) to other banks.

Under certain circumstances, a bank participating in the deposit guarantee can ask NBU to change loan agreement terms and conditions, according to a press release on the bank's website. Such requests should be submitted 15 days or greater from the next payment due date. DGF banks will be able to extend the maturity period on NBU loans as long as the time does not exceed five years.

The DGF bank must also pay or partially repay the loan before the due date if it has spare liquidity, based on Ukrainian law.

The amendments to lending conditions were approved by the bank earlier this month and are in effect.

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National Bank of Ukraine 9 Instytutska St., Kyiv 01601

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