RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of December 18, 2014 No. 820

About change of procedure for forming and storage of required reserves

For the purpose of ensuring accomplishment of Items 8 and 10 of the Section I of the Regulations on procedure for the forming and storage of required reserves by banks of Ukraine and branches of foreign banks in Ukraine approved by the resolution of Board of the National Bank of Ukraine of December 11, 2014 No. 806, Board of the National Bank of Ukraine decides:

1. Establish the next periods of deduction of required reserves:

from January 1 to February 10, 2015 (inclusive);

from February 11 to March 10, 2015 (inclusive);

further the 11th is the first day of the period of deduction, and the 10th day of the next month is the last day of the period of deduction.

2. Establish the next periods of determination of reserve base:

December, 2014 - for the deduction period from January 01 to February 10, 2015 (inclusive);

from January 1 to February 10, 2015 (inclusive) - for the deduction period from February 11 to March 10, 2015 (inclusive);

further the period of determination of reserve base of the deduction of required reserves preceding the period.

3. Determine that banks of Ukraine reserve and store means of required reserves on correspondent account of bank in the National Bank of Ukraine.

4. Establish the following standard rates of obligatory reservation for forming of required reserves by banks:

means of deposits (deposits) of legal entities and physical persons in national and foreign currencies on demand and means on current accounts - 6,5;

urgent means and deposits (deposits) of legal entities and physical persons in national and foreign currencies - 3,0.

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