All solvent banks have enough assets to meet the requirements to generate the capital conservation buffer of 0.625% until 1 January 2020, reads a posting on the website of the National Bank of Ukraine (NBU). “The same instruments are used for raising both the buffer and common equity. This means that, considering the requirements to raising the buffer, the common equity adequacy ratio (N3) as of the beginning of 2020 should account for at least 7.625%. According to the data as of March 1, 2019 all solvent banks have adequate capital to ensure compliance with the requirements to raising the capital conservation buffer of 0.625%,” reads the statement.
Onwards, the capital buffer will gradually increase each year until it reaches 2.5% as of January 1, 2023.
According to the NBU, such buffer will ensure that banks have raised a capital surplus during a non-crisis period above the minimum required to absorb any possible losses, which may occur in times of overall economic downturn, without breaching the capital adequacy ratio in the future. This instrument will contribute to the targets of the NBU strategy for financial stability by enhancing banks’ loss absorbing capacity.
As reported, introduction of capital buffers was approved by NBU Board Resolution No. 312 on the Approval of Amendments to the Instruction on the Procedure for Regulation of Bank Activities in Ukraine dated May 12, 2015.
One troy ounce=31.10 grams
Ukraine as of April 4 had planted 1.7 million hectares, or 75% of the plan (2.3 million hectares) with early spring grain and leguminous crops.
According to a report on the website of the Ministry of Agrarian Policy and Food, as of April 4 farmers had sowed 77% of early spring barley (1.2 million hectares), 71% of wheat (118,000 hectares), 57% of oats (112,000 hectares), and 73% of peas (247,000 hectares).
In addition, 31% of sugar beets (76,000 hectares) and 2% of sunflower (123,000 hectares) were sown.
According to the ministry, winter crops were fed on 97% of the area.
As reported, the projected area for all spring grain and leguminous crops for 2019 is 7.2 million hectares.
