NBU simplifies early repayment of loans from non-residents
The National Bank of Ukraine (NBU), as part of the gradual easing of temporary currency restrictions introduced in 2014-2015, has simplified the early repayment of loans from non-residents.
According to the website of the NBU, banks will be allowed to repay such loans ahead of schedule. Businesses will be able to repay such loans ahead of schedule if the shareholder of such a borrower or non-resident creditor is an international financial organization. Resident borrowers will be able to make early repayment of loans under the condition that the non-resident creditor is a bank.
"These steps will help facilitate attraction of debt resources abroad and, at the same time, will not lead to destabilization of the situation in the foreign exchange market," Acting NBU Head Yakiv Smolii said.
The corresponding changes are contained in NBU resolution No. 61 of July 10, 2017 on amendments to NBU resolution No.410 dated December 13, 2016, which comes into force on July 11.
