President signs law on creation of NBU Credit Register

President signs law on creation of NBU Credit Register

President Petro Poroshenko has signed the law on the creation of a Credit Register of the National Bank of Ukraine, the president’s press service reports.

“President Petro Poroshenko signed the Law of Ukraine as of February 6, 2018, No.2277-UІІІ “On amendments to certain laws of Ukraine concerning the creation and keeping of the Credit Register of the National Bank of Ukraine and improvement of credit risk management processes of banks,” reads the report.

In particular, the bill aims at reducing the level of credit risks, ensuring the security of banking operations, raising the level of reliability and stability of the banking system so that to protect the interests of depositors and other creditors of the bank.

The document provides the National Bank of Ukraine with the authority to create and keep the Credit Register. In particular, the NBU will receive from banks and the Deposit Guarantee Fund the information about borrowers and will provide banks and the credit history bureau with the necessary information from the Credit Register.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: