Business news from Ukraine

NBU FACILITATES OPENING OF ACCOUNTS BY BANKS, BRINGS INTERBANK TRANSFER RULES IN LINE WITH CENTRALIZATION OF NBU’S FUNCTIONS

5 January , 2016  

KYIV. Jan 5 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) has brought the interbank funds transfer rules in Ukraine in the national currency in compliance with new requirements of Ukrainian law and changes in the structure of the regulator in relation to the centralization of its functions and reformation of territorial departments, the central bank said on its website.

NBU resolution No. 994 on approval of changes to the interbank funds transfer rules in Ukraine in the national currency dated December 30, 2015 took effect on January 5, 2016.

The resolution relaxed the procedure for opening correspondent accounts by banks at the NBU, as from now on the NBU can receive information about banks in the electronic form via the website of the central executive-branch agency in the area of registration of companies and individuals.

The resolution sets the procedure for writing off refinancing debts of banks to the NBU from correspondent accounts of debtor-banks opened at other Ukrainian banks.

The document also removes the requirements to keep correspondent accounts of bank by the NBU’s chief department in Kyiv city and region and the requirements for functioning automated jobs of the NBU’s territorial departments.