'The work on the credit register is underway' - Deputy NBU Governor

'The work on the credit register is underway' - Deputy NBU GovernorThe National Bank of Ukraine (NBU) in April plans to finish work on the credit register via amending bill No. 3111, Deputy NBU Governor Kateryna Rozhkova has said.

"The work on the credit register is underway. Representatives of banks and bank associations on March 18 are scheduled to discuss it. The work will be finalized via amending bill No. 3111 in April," the NBU's press service said, citing Rozhkova.

Rozhkova said the NBU would continue to work on credit risks provisions.

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"We want to discuss it with banks and the Independent Association of Banks of Ukraine at the end of next week. It will be approved at an NBU Board's meeting in April. The measure will take effect no later than September 1. The core principles and approaches have been defined. They have not particularly changed. In fact, we're specifying some things to close all gaps," she said.

She said additional capitalization plans have been approved for the top ten Ukrainian banks. The central bank plans to finalize plans for the second 10-bank tier in April.
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