OREANDA-NEWS. The National Bank of Ukraine welcomes the adopton of Draft Law No. 2449 On Measures to Facilitate Bank Capitalization and Restructuring in principle by parliament. 239 MPs have voted for this bill.

This draft law is one of the measures envisaged under the NBU’s Comprehensive Program of Financial Market Development of Ukraine until 2020, which was approved in the spring of 2015. This draft law is structurally important as it is primarily intended to stabilize the banking system and strengthen the protection of the rights of banks’ other creditors. Going forward, this draft law will help mitigate the impact of the difficult economic environment on banks and cushion the adverse effects of the depreciation of the domestic currency and the loss of depositors' confidence.

The draft law adopted by parliament grants the NBU the option not to declare a bank problematic or insolvent if a decrease in the regulatory capital adequacy ratio, as well as the current and short-term liquidity ratios, and an increase in the bank's nonperforming assets, are due to the appreciation of the exchange rate of foreign currencies against the domestic currency and/or provisioning against potential losses under asset-related operations