Verkhovna Rada of Ukraine adopts Law "On amendments to Law of Ukraine "On measures facilitating capitalization and restructure of banks"

Information Department
24 December 2015, 16:43




The Law aims to protect economic security of the state, rights, freedoms and legal interests of the citizens, create conditions to provide stable activity of Ukrainian banks, increase financial capacity of the banking system of Ukraine and minimize negative impact of the touch economic situation as a result of temporary occupation of Ukraine's territory and holding of anti-terror operation.

The Law allows the National Bank of Ukraine "not to declare a commercial bank troubled or insolvent under the grounds enshrined in Item 1, Parameters 3 of Item 4 and Item 41, Section 1 of Article 75 and Item 2, Section 1 of Article 76 of the Law of Ukraine "On banks and banking activity," if that commercial bank provides the National Bank of Ukraine with the program on capitalization/restructure plan, as well as the plan for measures on bringing its activity in line with the requirements of the legislation on transactions with persons associated with the bank and on implementation of the programs/plans within terms they envision."

Respective draft law was registered under No. 2449-д.