The National Bank of Ukraine (NBU) has approved the new regulations on the procedure for forming and storing obligatory reserves of banks, which among other things foresees the setting of a period for defining the reserve base for the formation of obligatory reserves by banks and the period for storing obligatory reserves.
The decision is stipulated in NBU resolution No. 806 of December 11, 2014, a copy of which has been sent to Interfax-Ukraine.
“The basic feature of the resolution is the setting of a period for defining the reserve base for the formation of obligatory reserves by banks and the period for storing obligatory reserves, which allows banks to define the reserve base for obligatory reserves for the certain period (the period of defining) and form and store obligatory reserve for another period (the period of storing), which could be different and have a certain lag or coincide,” reads a cover letter of the NBU (No. 29-105 / 74961).
