NBU’s resolution No.723 dd. November 17, 2014
The National Bank of Ukraine has adopted a schedule for capital increment up to 500 million hryvnias until 2024, NBU’s resolution No.723 dd. November 17, 2014 says, RBK-Ukraine (РБК-Україна) reports.
“To enact changes to the regulations on management of activities in Ukraine approved by the resolution of the National Bank of Ukraine on August 28, 2001, No. 368, and registered with the Ministry of Justice of Ukraine on September 26, 2001, under No. 841/6032 (as amended)», - the document says.
According to the resolution, the minimum regulatory capital of the bank that obtained a banking license after July 11, 2014, should total 500 million hryvnias.
Meantime, the minimum regulatory capital of the bank that obtained a bank license before July 11, 2014, should make up 120 million hryvnias - up to July 10, 2017; 150 million hryvnias – from July 11, 2017; 200 million hryvnias – from July 11, 2018; 250 million hryvmnias – from July 11, 2019; 300 million hryvnias – from July 11, 2020; 350 million hryvnias – from July 11, 2021; 400 million hryvnias - from July 11, 2022; 450 million hryvnias – from July11, 2023; 500 million hryvnias - from July 11, 2024.
