The resolution comes into effect on the date of publication in the official gazette
The National Bank of Ukraine has adopted the resolution, pursuant to which the banks should increase their authorized capital till 2025 up to the minimum amount of 500 million hryvnias at least. The text of this resolution dd. August 6, 2014 is posted in the official website.
Pursuant to articles 7, 15, 55, 56 of the Law of Ukraine On the National Bank of Ukraine, articles 31, 66 of the Law of Ukraine On Banks and Banking, pursuant to par. 6 of the Final and Transitional Provisions of the Law of Ukraine On Changes to Some Enactments of Ukraine to Prevent Negative Effects on Stability of the Banking System dd. July 04, 2014, under No.1586-VII, with the view of raising efficiency and maintaining stability of the banks in Ukraine, the Management Board of the National Bank of Ukraine resolves: the banks the share capital of which do not meet the requirements set forth in part I, article 31 of the Law of Ukraine On Banks and Banking, are liable to bring the amount of the authorized share capital into compliance with the requirements of the law», - the resolution says.
In particular, the banks should increase their registered capital up to 120 million hryvnias by June 17, 2016; and up to 150 million hryvnias – by July 11, 2017;
