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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of June 30, 2016 No. 351

About approval of the Regulations on determination by banks of Ukraine of the extent of credit risk on active banking activities

(The last edition from 16-05-2019)

According to Articles 7, 15 and 56 Laws of Ukraine "About the National Bank of Ukraine", to articles 44 and 66 of the Law of Ukraine "About banks and banking activity", for the purpose of determination by banks of Ukraine of the extent of credit risk on active banking activities taking into account the principles and recommendations of the Board of the National Bank of Ukraine Basel Committee on Banking Supervision decide:

1. Approve Regulations on determination by banks of Ukraine of the extent of credit risk on active banking activities (further - Regulations on determination of the extent of credit risk) which are applied.

2. To banks of Ukraine:

1) to develop intra bank provisions according to requirements of the Regulations on determination of the extent of credit risk;

2) as of September 01, 2016, on October 1, 2016, on November 01, 2016, on December 1, 2016 and on January 1, 2017 to make calculation of the extent of credit risk in the test mode and till September 26, 2016, on October 26, 2016, on November 28, 2016, on December 26, 2016 and on January 26, 2017 respectively to inform the National Bank of Ukraine in the form established by it;

3) since January 3, 2017 to perfrom calculation of the extent of credit risk according to requirements of the Regulations on determination of the extent of credit risk.

3. Requirements of Items 48 and 63 of the Section IV of Provisions on determination of the extent of credit risk regarding confirmation by the auditor of the financial reporting of debtors / consolidated financial statements of groups of the legal entities who are under general control will be applied by bank starting with the financial reporting for 2017.

Recommend to banks to apply the specified requirements starting with the financial reporting for 2016.

3-1. Banks apply, starting with the financial reporting for 2019, the following requirements:

1) paragraph of the third subitem 17 of Item 165 of the Section XVIII of the Regulations on determination of the extent of credit risk;

2) the paragraph of the fifth subitem 17 of Item 165 of the Section XVIII of the Regulations on determination of the extent of credit risk regarding discrepancy of the annual financial reporting of debtor/group of legal entities under general control which the debtor, to requirements of paragraph two of the subitem 1 of Item 48 of the Section IV of this provision treats.

4. Banks for the purpose of ensuring fulfillment of requirements of Item 14.2 of article 14 of the Law of Ukraine "About creation of the free economic zone Crimea and about features of implementation of economic activity in temporarily occupied territory of Ukraine" during the term of temporary occupation of the territory of the Autonomous Republic of Crimea and the city of Sevastopol have the right to determine class of the mortgage loans granted to internally displaced persons which do not perform repayment of the main mortgage loan amount and the added percent on it based on requirements of this law and on which providing is the property located (registered) in the territory which after the conclusion of such mortgage agreements was temporarily occupied proceeding from information which is available in bank on start date of temporary occupation of the specified territory.

5. To allow banks of Ukraine in case of application of the Regulations on determination of the extent of credit risk till January 1, 2019:

1) No. 146 Is excluded according to the Resolution of Board of the National Bank of Ukraine of 22.12.2018;

2) No. 146 Is excluded according to the Resolution of Board of the National Bank of Ukraine of 22.12.2018;

3) in case of accomplishment of the requirement of Item 162 of the Section XVII of the Regulations on determination of the extent of credit risk not to apply the sign of the debtor/partner determined in the subitem 3 of Item 162 of the Section XVII of the Regulations on determination of the extent of credit risk;

To apply 4) according to the subitem 4 of Item 162 of the Section XVII of the Regulations on determination of the extent of credit risk measure value "short-term and long-term obligations to operating profit (loss) to depreciation deduction / operating profit (loss) from sales of products (goods, works, services) for the end of the last accounting period" - more than 7 on the loans granted by bank before entry into force of this resolution;

5) when calculating the extent of credit risk not to apply regulation of subitem 3-1 of Item 121 of the Section X of the Regulations on determination of the extent of credit risk.

5-1. Banks during application of regulations of the Regulations on determination of the extent of credit risk determine the number of days of recognition of asset by the unemployed since January 3, 2017.

5-2. During application of the Regulations on determination of the extent of credit risk to allow banks of Ukraine till January 01, 2020:

1) when calculating the extent of credit risk for the credits under the investment project independently to choose procedure for determination of value of coefficient of probability of default of the debtor - the legal entity from provided by Sections IV and IV-1 of the Regulations on determination of the extent of credit risk;

2) when calculating the extent of credit risk not to apply regulation of the subitem 3 of Item 107 of the Section X of the Regulations on determination of the extent of credit risk.

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