RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of June 8, 2017 No. 49

About approval of Rules of calculation by banks of Ukraine of total cost of the credit for the consumer and real annual interest rate under the agreement on consumer loan

According to Articles 7, 15 and 56 Laws of Ukraine "About the National Bank of Ukraine", article 56 of the Law of Ukraine "About banks and banking activity", article 5 of the Law of Ukraine "About consumer crediting", for the purpose of establishment for banks of Ukraine for the consumer and real annual interest rate under agreements on consumer loan the Board of the National Bank of Ukraine decides method of calculation of total cost of the credit:

1. Approve Rules of calculation by banks of Ukraine of total cost of the credit for the consumer and real annual interest rate under the agreement on consumer loan which are applied.

2. Declare invalid the resolution of Board of the National Bank of Ukraine of May 10, 2007 No. 168 "About approval of Rules of provision by banks of Ukraine of information to the consumer about terms for crediting and aggregate value of the credit", registered in the Ministry of Justice of Ukraine on May 25, 2007 for No. 541/13808.

3. To department of methodology (Ivanenko N. V.) after official publication to bring contents of this resolution to the attention of banks of Ukraine for management and use in work.

4. To impose control over the implementation of this resolution on the vice-chairman of the National Bank of Ukraine Rozhkova K. V.

5. The resolution becomes effective since June 10, 2017.

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