NBU has defined the principles of the regulatory activities of branches of foreign banks

National Bank of Ukraine (NBU) has identified the principles of the regulatory activities of branches of foreign banks.
This is stipulated in the National Bank Ordinance number 270, issued at the NBU, which came into effect from 10 June 2009.

The document stipulates that branches of foreign banks operating in Ukraine, must comply with rules: the adequacy of regulatory capital ratio of regulatory capital to total assets, liquidity, credit risk, investment.

calculation of economic standards and respect for their values are implemented according to the procedure established for the Ukrainian banks, while the size pripisnogo capital is equated to the size of the authorized capital of Ukrainian banks.
National Bank of Ukraine has the right to protect the interests of creditors to impose an interim administration in the branch of a foreign bank.

measures to stabilize the activities of a foreign bank branch may not be temporary administrator of investors' funds to increase its capital pripisnogo, sale or reorganization of the branch, - says the paper.

The ordinance provides that the National Bank may initiate the procedure for the elimination of the branch in case of bankruptcy of a foreign bank or a bank withdrawal of his license. Also NBU has the right to initiate the procedure for the elimination of the branch, among other things, in the case of providing false information for accreditation, a violation of banking legislation, normative-legal acts of National Bank, or operations with a high level of risk, which poses a threat to the interests of creditors and depositors.

As reported, the opening of branches of foreign banks in Ukraine are allowed from the date of entry into the World Trade Organization (Ukraine became a WTO member 16 May, 2008). Today the country has not registered any one branch of a foreign bank.

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