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EU-FINSTAR
(Technical Assistance in Financial Sector's Priority Areas, Ukraine)

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February 26 2020
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2020 2022

Project Beneficiaries:
NBU

Ministry of Finance

NCSSM

NCRFSM


The Project is funded
by the EU:



The Project is implemented
by consortium led by
Human Dynamics:








Financial Market News

30 January, 15:34
NBU Cuts Key Policy Rate to 11%
The Board of the National Bank of Ukraine has decided to cut the key policy rate to 11% per annum effective 31 January 2020. The NBU continues to ease its monetary policy with the aim of maintaining inflation at the target level of 5% and supporting steady economic growth. In 2019 consumer inflation declined to a six-year low of 4.1% (versus 9.8% in 2018). The NBU thus achieved its medium-term inflation target of 5% ± 1 pp (declared in 2015) earlier than expected. The strengthening of the ... more...
24 January, 15:32
NBU Grants First FX License to Life Insurer
On 23 January 2020, the NBU decided to grant TAS Insurance Company JSC a license to make FX transactions, specifically to conduct FX settlements in Ukraine under life insurance agreements. TAS Insurance Company JSC has become the fist life insurance company to acquire a license to make FX transactions. The license enables the company to receive insurance premiums and make insurance payments in foreign currency under life insurance agreements. Licensing life insurers ... more...
24 January, 15:30
Banks Expect Loan Demand from Households and Businesses Will Rise – Bank Lending Survey
The banks have reported an increase in loan demand from households and businesses and expect this trend to continue into Q1 2020. The demand has been primarily fueled by lower interest rates.  Large banks expect an uptick in the demand for mortgage lending. At the same time, lending standards for households and legal entities have become more relaxed as the financial institutions have competed for quality borrowers. This is according to the Bank Lending Survey for Q1 2020.  more...
20 January, 14:27
SEP Processed Nearly 1.5 Million Payments Daily in 2019 Worth Over UAH 130 Billion
In 2019, the System of Electronic Payments of the National Bank of Ukraine (SEP) functioned in a reliable and stable manner, covering all the needs of the domestic banking system for hryvnia interbank transfers. In 2019, 384 million initial payments totaling over UAH 32 trillion were made through the SEP, up 7.5% and 28%, respectively, from 357 million initial payments and UAH 25 trillion in 2018. On an average day in 2019, the SEP processed 1.5 million initial ... more...
16 January, 15:39
NBU Publishes 2020 Action Plan
The National Bank of Ukraine has put its 2020 Action Plan into the public domain. The action plan is a road map for implementing the central bank’s mid-term Strategy in the current year. Approved in 2018, the Strategy ensures transparency, predictability, and consistency of the NBU’s activities, while annual roadmaps are the benchmarks for measuring its efficiency and the basis for reporting to the public, customers, and stakeholders. The new 2020 Action Plan identifies priority ... more...
16 January, 15:32
Financial Market Regulators Approve Strategy of Ukrainian Financial Sector Development until 2025
The National Bank of Ukraine (NBU), the National Securities and Stock Market Commission (NSSMC), the National Commission for Regulation of Financial Services Markets (NCFS), the Deposit Guarantee Fund (DGF), and the Ministry of Finance of Ukraine (hereinafter – the regulators) have approved the Strategy of Ukrainian Financial Sector Development until 2025. The goal of the Strategy is to ensure that the reform and development of Ukraine’s financial sector moves forward in line with ... more...
10 January, 15:27
NBU Inflation Update for 2019
According to data released by the State Statistics Service of Ukraine, consumer inflation slowed from 9.8% in 2018 to 4.1% in 2019. Thus, last year the NBU achieved its medium-term inflation target of 5% ± 1 pp, which the central bank announced from 2015, and which was set out in the NBU’s Monetary Policy Guidelines for 2019 and the Medium Term.  The fall in inflation to its target seen in 2019 mainly resulted from the NBU’s consistent monetary policy  aiming to deliver price ... more...
10 January, 15:23
Bank Limits on Foreign Exchange Position to Double
The National Bank of Ukraine (NBU) will double the limits on foreign exchange long and short positions of banks to 10% of the regulatory capital. This will expand banks transaction options on the interbank FX market by USD 400 million, and increase their role in alleviating excessive rate fluctuations on the account of bank position. According to the NBU estimates, preliminary increase in limits on foreign exchange position of banks in mid-2018 had no negative effect on the FX market of ... more...
08 January, 15:20
Ukraine’s International Reserves Increase to a Seven-Year High in 2019
In 2019, international reserves rose by 22% and as of 1 January 2020 came in at USD 25.3 billion (in the equivalent). This amount not only exceeded the latest forecast for reserves (USD 23 billion in the equivalent) published by the NBU in its October 2019 Inflation Report, but also reached a seven-year high - reserves were higher only back in December 2012. The NBU was able to increase its international reserves by a total of USD 4.5 billion over the year thanks to persisting favorable ... more...
27 December, 12:41
The National Bank Has Published Results of Resilience Assessment for Individual Banks
The National Bank of Ukraine (NBU) has published results of bank resilience assessment for individual banks. See section Banking Supervision for data. The resilience assessment comprises asset quality review (AQR), and stress tests for the largest banks. This year, 29 banks were stress tested; combined, they account for over 90% of the banking sector assets. Earlier this year, the NBU published macroeconomic assumptions for both baseline and adverse scenarios. ... more...
Information materials on the implementation of FRS in Ukraine using IFRS XBRL Taxonomy
Video News
Timur Khromaev, NSSMC Chairman, in Financial Week TV Program
Reforms in the field of accounting and auditing in Ukraine (in Ukrainian)
First Professional Forum of Auditors "European Future of Auditing Services"
FINREP II: Pilot project for mapping IFRS taxonomies
Reform of the Audit Profession in Ukraine
Pension Reform in Ukraine
The Financial Times: Vadim Khramov on Ukraine (Bank of America Merrill Lynch)
UT Interview: Should Ukraine's Donbas region obtain special status?
Financial Week Interview with Timur Khromaiev, Chairman of the Securities Commission of Ukraine
Video News Archive
Materials of the Audit Reform Conferences
Materials of the Conference about Reforms in the Field of Accounting and Auditing in Ukraine that Took Place in Kyiv on April 13, 2016