The National Bank of Ukraine supports the decision of the Verkhovna Rada of Ukraine to reduce the requirement for the minimum authorized capital of banks from UAH 500 million to UAH 200 million. The respective draft law No. 3329-д, initiated by the NBU, was voted by 333 members of parliament. At the same time, the NBU gained the right to establish for some banks and legal entities, intending to engage in banking, a differentiated minimum size of the authorized capital but no less than UAH 200 million. Law in force required banks to gradually increase their authorized capital to UAH 500 million by 11 July 2024.
The NBU carries on the comprehensive transition to the risk-based supervision and has enough powers to be flexible in responding to problems in specific institutions,” noted Kateryna Rozhkova, First Deputy Governor of the NBU. “Moreover, it is another step forward to outreach banks during the crisis period. Apart from that, the NBU had earlier postponed the requirement for banks to have capital conservation buffers and systemic importance buffers,” she added.
