The National Bank has decided to conduct a three-month experiment and accept shares of the owners who have significant participation in statutory capitals of banks as security during refinancing of financial institutions.

This is stated in NBU resolution No.105 of April 18.

By this resolution, the NBU has amended its resolution No.434 of November 14, 2006 "On the Terms and Possible Volumes of Particular Operations to Be Conducted by the NBU with the Banks."

According to the changes, during three months the NBU will be accepting shares of the bank owners in the amount of 90% of their book-sheet value as of the recent reporting date as security during bank refinancing.

Resolution No.105 of April 18 also says that refinancing of banks can be secured by property rights in the amount of 80% of the loan provided by the bank to the borrower (against the pervious 60%).

Resolution No.105 takes effect on the day of its signing.

As Ukrainian News earlier reported, the NBU stated that it might deny refinancing to banks with unbalanced terms of attraction and placement of funds.