AUB News

The Association of Ukrainian Banks continues to work actively to address important issues of the banking and non-banking sectors, strengthen international cooperation and improve the level of professional training of financial institutions.

Issues of the banking sector

- In cooperation with the NBU, the issue of unblocking the practice of providing guarantees by banks to their related parties was resolved - thanks to amendments to paragraph 41 of the Resolution of the Board of the National Bank of Ukraine dated 25.02.2022
No. 23 “On Certain Issues of Activities of Ukrainian Banks and Banking Groups”;

- The NBU has started a dialogue with the Ministry of Social Policy of Ukraine to enable banks to become a point of application for social benefits and pensions in parallel with administrative service centers. The implementation of this option will expand inclusion in terms of services provided by the state;

- At the EBA's initiative, an online meeting was held with representatives of the National Bank of Ukraine, banks and processing companies to discuss ways to minimize risks to the banking business associated with the current/future sanctions against processing software companies;

- At the request of the National Bank of Ukraine, the NBU collected and consolidated comments and suggestions from non-bank financial institutions on the implementation of the Credit Register 2.0;

- A request was sent to the National Bank of Ukraine with substantiated proposals to facilitate the provision of payment services related to the purchase of goods by consumers from abroad by amending Resolution of the National Bank of Ukraine No. 18 “On the Operation of the Banking System during the Period of Martial Law” dated February 24, 2022;

- Received a response from the NBU to a request to revise one of the conditions for the use of a license to lend funds, including on a financial loan basis, determined by the regulator, namely, the removal of the obligation of financial institutions that do not provide services to individuals and do not have such business intentions to comply with the requirements for providing (disclosing) information to the consumer regarding consumer loan services

Thematic events

- The EBA organized and conducted a two-day training event “No Risk Day. Risk Management Tools in the Activities of Banks and Non-Banking Institutions: Approaches, Trends, Application” for specialized executives of banks and non-bank financial institutions. The seminar covered in detail the practical application of the risk-based approach by financial market participants, which, in particular, is the subject of special attention of the National Bank of Ukraine during inspections of financial institutions' compliance with financial monitoring requirements.

- Under the auspices of the EBA, the Digital Money Forum was held to comprehensively discuss the topic of digital money, highlighting new business opportunities, regulatory frameworks, risk management and competition issues. The forum was attended by representatives of the Ministry of Digital Transformation, the Interbank Currency Exchange, fintech companies, law firms, banks, and non-bank financial institutions. International cooperation and internal appointments were discussed;

The Association also continues to work on strengthening international relations:
- AUB Vice President Petr Pekur attended the “Restoring Ukraine” forum in Bratislava, where plans to provide Ukraine with reconstruction assistance were discussed.

- While in Brussels, AUB Vice President Galyna Haleylo took part in a briefing on “Regional Aspects of Ukraine's Recovery: Prospects for European Business” and visited the European Parliament, where she met with MEPs and foreign diplomats who are friends of Ukraine.

Sincerely yours,
Team of the Association of Ukrainian Banks

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