Assets
The National Bank of Ukraine (NBU) is the central bank of Ukraine, established in 1991 on the basis of the Ukrainian Republican Bank of the State Bank of the USSR. According to the Constitution and the Law "On the National Bank of Ukraine," the NBU monopolistically issues the national currency and controls its circulation, places gold and foreign exchange reserves and performs operations with them, licenses banking activities and sets standards for banks mandatory reserve funds.
History
2022
Appointment of Andriy Pyshny as head of the National Bank of Ukraine
On October 7, 2022, the Verkhovna Rada of Ukraine approved Andriy Pyshny as head of the National Bank of Ukraine (NBU) instead of the resigned Kirill Shevchenko. 290 deputies voted for the candidacy of the former head of the board of the state-owned Oschadbank with a minimum threshold for making a decision of 226 votes. Read more here.
Dismissal of Kirill Shevchenko due to health problems
The head of the National Bank of Ukraine Kirill Shevchenko quit due to health problems. He announced this on his pages in social networks on October 4, 2022. Information about the resignation is also published on the regulator's website. Read more here.
Financing of the Government of Ukraine during the military special operation of Russia
2021: Transition to ISO 20022 electronic payment system
On September 21, 2021, the National Bank of Ukraine (NBU) announced the transition to a new generation electronic payment system (SEP). We are talking about the use of the international standard ISO 20022.
According to the regulator, the innovation will increase the security of payments, open up new opportunities for banks and companies, as well as significantly increase the number of automated processes when processing transactions.
 | Compliance with the SEP with international standards ISO 20022 will allow modernizing the financial infrastructure, increasing the competitiveness of Ukraine and will contribute to its integration with world markets that are already operating according to this standard. We are confident that the banking system is able to successfully and on time switch to this new standard and make it in demand and convenient for both customers and banks, "said Deputy Chairman of the National Bank Alexei Shaban. |  |
The timing of the transition to a new generation of SEP (from August 20, 2022) is determined in the resolution of the NBU Board of September 16, 2021 No. 93 "On the introduction of the international standard ISO 20022 in the payment infrastructure of Ukraine." This decree applies to SEP participants - banks of Ukraine, the State Treasury Service, the National Depository and other state financial institutions.
According to the NBU, for a well-coordinated transition to a modernized mode of operation, SEP participants are obliged to:
- by October 31, 2021, connect to the test bench (working from April 1 of this year) for comprehensive testing of interaction with the modern generation of SEP;
- by August 20, 2022, amend the regulations for the operation of its automation systems, the formation of balances for the day and other reporting;
- from August 20 next year, all interbank payment transactions will pass through a new generation SEP.
2020
Sergey Kholod dismissed from the post of deputy head of the NBU
The National Council bank Ukraine dismissed Sergey Kholoda the deputy head of the NBU. This became known on July 1, 2020. More. here
Chairman of the Board of Ukrgazbank Kirill Shevchenko headed the NBU
On July 16, 2020, Kirill Shevchenko became known as the head of the National Bank of Ukraine (NBU). The candidacy of the chairman of the board of Ukrgazbank was proposed by the president of the country Volodymyr Zelensky. The Verkhovna Rada supported by a majority of votes (332 deputies with the necessary 226 votes) at the plenary session. Read more here.
The head of the National Bank of Ukraine resigned "under systematic political pressure"
On July 1, 2020, the head of the National Bank of Ukraine (NBU), Yakov Smoliy , resigned due to "systematic political pressure." Read more here.
Notes
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