The National Bank Introduces New Measures to Support the Banking Sector in the Context of a Crown Crisis. This was reported by the NBU press service..

In particular, until June 2021, the regulator will not apply measures to banks and banking groups for violating the requirements of capital adequacy, liquidity, credit risk, restricting transactions between a bank and a person related to an investor on subordinated debt.

The NBU warns that such a decision will only be effective if violations have arisen due to the negative impact of quarantine on the performance of a bank or banking group. However, the decision will not apply to banks that, contrary to the recommendations of the National Bank, distributed profit for 2019 by paying dividends.

The NBU notes that there is still uncertainty regarding the duration of the quarantine and the time required for business to restore activity and proper loan servicing.. "

At the same time, the regulator will continue constant supervision over the elimination by banks and banking groups of violations.

And violators within 30 calendar days from the date of violation must submit to the National Bank an action plan to eliminate them or a capitalization program and submit monthly reports on its implementation.

Anti-crisis measures were approved by the NBU Decree No. 73 dated June 4, which comes into force on the day following the day of its official publication and is valid until June 1, 2021.

In April, the NBU set a time schedule for tenders to maintain bank liquidity - from April 30 to June 30. It is reported by LIGABusinessInform.