Yesterday (March 17) the National Bank adopted a decision to change the peg of Ukrainian banks' capitalization standards from the euro to the hryvnia. This was announced today in Lutsk by NBU Governor Serhiy Tihipko at a press conference for regional media. \nCurrently the corresponding NBU decision is at the Ministry of Justice and requires legalization. \nThe corresponding decision provides for capitalization of Ukrainian banks once a year. \nAs Serhiy Tihipko reported, the decision on pegging banks' capitalization standards to the hryvnia was developed by the National Bank jointly with the Association of Ukrainian Banks. \nReference: in Ukraine capitalization requirements began to apply on January 17, 2003. According to them, the charter capital of a local cooperative bank must be at least I1million, a regional one - I3million, an interregional (universal) one - I5million. At the same time, the growth of the euro exchange rate observed in 2003 caused problems with compliance with this standard and led to the need for constant increases in banks' charter capital. \n
The statutory capital of Ukrainian banks will be calculated in the national currency
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