RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of May 16, 2019 No. 70

About approval of changes in some regulatory legal acts of the National Bank of Ukraine

According to Articles 7, of 15, 56 Laws of Ukraine "About the National Bank of Ukraine", to Articles 44, 49 and 66 Laws of Ukraine "About banks and banking activity", for the purpose of enhancement of procedure for determination by banks of Ukraine of the extent of credit risk on active banking activities, including establishment of requirements concerning accounting treatment for information from the Credit register of the National Bank of Ukraine, the Board of the National Bank of Ukraine DECIDES:

1. No. 351 "About approval of the Regulations on determination by banks of Ukraine of the extent of credit risk on active banking activities" (with changes) after Item 3 to add the resolution of Board of the National Bank of Ukraine of June 30, 2016 with new Item 3-1 of the following content:

"3-1. Banks apply, starting with the financial reporting for 2019, the following requirements:

1) paragraph of the third subitem 17 of Item 165 of the Section XVIII of the Regulations on determination of the extent of credit risk;

2) the paragraph of the fifth subitem 17 of Item 165 of the Section XVIII of the Regulations on determination of the extent of credit risk regarding discrepancy of the annual financial reporting of debtor/group of legal entities under general control which the debtor, to requirements of paragraph two of the subitem 1 of Item 48 of the Section IV of this provision treats.".

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