RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of November 24, 2017 No. 119

About some questions of activities of banks and recognition voided some regulatory legal acts of the National Bank of Ukraine

According to Articles 7, of 15, of 55, 56 Laws of Ukraine "About the National Bank of Ukraine", to Articles 66, 67 Laws of Ukraine "About banks and banking activity", for the purpose of enhancement of regulation of activities of the Board of the National Bank of Ukraine banks decide:

1. Provide to banks accomplishment of the actions plan on elimination of violations developed according to requirements of the resolution of Board of the National Bank of Ukraine of February 24, 2015 No. 129 "About some questions of activities of banks" (with changes) (further - the actions plan), and submissions to the National Bank of Ukraine (further - National Bank) quarterly reports on its execution to the 20th following reporting quarter.

2. The National Bank does not apply to banks of corrective action for violation of economic standard rates and requirements of Item 3.10 of Chapter 3 of the Section III of the Instruction about procedure for regulation of activities of banks in Ukraine approved by the resolution of Board of the National Bank of Ukraine of August 28, 2001 No. 368, registered in the Ministry of Justice of Ukraine on September 26, 2001 at No. 841/6032 (with changes) which reduction to normative requirements is performed according to the actions plan approved by National Bank, on condition of fulfillment of requirements of Item 1 of this resolution.

3. Permit banks which implement the actions plan approved by National Bank, perform:

1) calculation of the standard rate of short-term liquidity (N 6) without the fact of the restructuring of the credits which is carried out till January 1, 2017;

2) active transactions on crediting of the companies of real production sector in the amounts which are not exceeding normative value of the standard rate of the maximum extent of credit risk on one partner (The N 7) expected to the size of the regulatory capital of bank date of accomplishment of the program of capitalization.

4. To banks to which action of Item 1 of this resolution extends to adhere to such restrictions:

1) not to make share repurchase of own issue, except as specified, stipulated by the legislation Ukraine about the obligatory redemption bank of shares of own issue;

2) not to perform dividend payout to shareholders, except dividend payout according to preferred shares;

3) not to perform capital allocation in any form, except the direction of profit on increase in the authorized capital, forming of reserve fund, covering of losses of last years;

4) not to perform early return of deposits (deposits) to owners of essential participation in bank, except the direction of ahead of schedule returned funds for increase in the authorized capital of this bank.

5. Recognize invalid:

1) the resolution of Board of the National Bank of Ukraine of February 24, 2015 No. 129 "About some questions of activities of banks";

2) the resolution of Board of the National Bank of Ukraine of May 12, 2015 No. 313 "About introduction of amendments to the resolution of Board of the National Bank of Ukraine of February 24, 2015 No. 129";

3) the resolution of Board of the National Bank of Ukraine of June 15, 2015 No. 377 "About introduction of amendments to the resolution of Board of the National Bank of Ukraine of February 24, 2015 No. 129";

4) the resolution of Board of the National Bank of Ukraine of September 21, 2015 No. 620 "About introduction of amendments to the resolution of Board of the National Bank of Ukraine of February 24, 2015 No. 129";

5) Item 1 of the resolution of Board of the National Bank of Ukraine of December 29, 2015 No. 986 "About modification of some regulatory legal acts of the National Bank of Ukraine".

6. To department of methodology (Ivanenko N. V.) after official publication to inform banks of Ukraine information on adoption of this resolution.

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

8. The resolution becomes effective from the date of, its official publication following behind day, and is effective till January 1, 2019.

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