RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of April 13, 2020 No. 49

About approval of the Regulations on determination of criteria for write-off of the depreciated financial assets of banks of Ukraine at the expense of provisions under the expected credit losses

According to Articles 7, of 15, of 41, 56 Laws of Ukraine "About the National Bank of Ukraine", to Articles 68, "About banks and banking activity" the Board of the National Bank of Ukraine DECIDES: 69 Laws of Ukraine

1. Approve Regulations on determination of criteria for write-off of the depreciated financial assets of banks of Ukraine at the expense of provisions under the expected credit losses (further - the Provision) which is applied.

2. To banks of Ukraine:

1) to develop and approve internal procedures to (edited)/make changes to internal procedures (rules) on establishment of technique of write-off of the depreciated financial assets at the expense of provisions under the expected credit losses taking into account requirements of the Provision;

2) annually, till January 1 to perform the analysis of the depreciated financial assets regarding availability of criteria and to write off such assets at the expense of provisions under the expected credit losses according to requirements of the Provision;

3) No. 124 Is excluded according to the Resolution of Board of the National Bank of Ukraine of 25.11.2021

3. To accounting department (Bogdan Lukasiewicz) after official publication to inform banks information on adoption of this resolution.

4. To impose control over the implementation of this resolution on the First Deputy Chairman of the National Bank of Ukraine Ekaterina Rozhkova.

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