To obtain such a right, a bank must comply with the requirements of the National Bank for the assessment and management of credit risks, management of the reporting system, and internal control.
The changes will take effect on December 1, 2021.
"Based on the provisions of European legislation and taking into account international experience, these innovations will contribute to credit support for the Ukrainian economy," the press service of the NBU reports.
On April 27 this year, the NBU established additional requirements for banking agreements to disclose full information about services.
On May 22, 2021, the requirement for banks to review the internal management processes of restructured assets and determine the amount of credit risk in accordance with the Law of Ukraine came into force. It talks about deposits, consumer loans and current account management.
And already at the end of September, the NBU advised banks not to restructure distressed assets, but to sell them at a reduced price.