The National Bank cancelled the Resolution №58, which obligated banks to increase the authorized capital up to UAH 300 mln until January 11, 2017, according to Economic Truth, the regulator’s press-office reports.
The relevant decision was fixed upon by NBU Board Resolution №2, approved on Wednesday.
As explained by NBU’s press-office, the new resolution was developed for systematization of NBU regulatory acts, because the schedules for increasing banks’ authorized and regulatory capitals, initially set by Resolution №58, were changed by NBU Board Resolution №242 dd. April 7, 2016.
As reported, NBU Resolution dd. February 4, 2016, established that until January 11, 2017, national banks should increase the authorized capital up to UAH 300 mln.
By the resolution dd. April 7, 2016, the National Bank mitigated the previously set schedule of capital increase, in particular, obligated banks to amount the minimum authorized capital to 200 mln hryvnias until mid-2017, instead of the requirement to increase the authorized capital up to 300 mln until January 11, 2017.
