The National Bank of Ukraine will return to full-fledged control over banks’ compliance with foreign exchange limits and capital standards from July 3, 2025. The relevant changes were approved by resolutions of the NBU Board No. 70 and No. 72. Delo.ua reports this with reference to the NBU.
The decision was made as part of the implementation of the strategy of gradual return to pre-war regulation and fulfillment of Ukraine’s obligations under the Memorandum with the IMF. Taking into account the current state of the banking system, temporary wartime features that allowed avoiding sanctions for violation of the foreign exchange position and prudential standards are being abolished.
In particular, banks are no longer exempt from measures of influence in the event of violation of the open foreign exchange position or failure to comply with capital standards. At the same time, a transitional period is provided for banks that have such violations as of July 3, 2025: within three months they must submit to the NBU a plan for restoring standards and comply with restrictions on their activities.
The temporary rule that restricted banks’ access to foreign exchange transactions with the National Bank in case of exceeding limits is also being repealed. This ban was in effect for 10 days and was intended to encourage banks to adhere to foreign exchange discipline during a period when standard sanctions were applied to an extremely limited extent.
This step marks a return to full-fledged financial supervision by the NBU and is aimed at strengthening the stability of the banking sector and reducing foreign exchange risks in the context of the gradual normalization of the economic environment.
It should be added that the NBU recently updated the system for monitoring the activities of banks in the field of cash circulation. The changes clarified the procedure for scheduled and unscheduled inspections, strengthened the requirements for organizing cash work, collecting funds, and protecting premises, and also expanded the powers of the NBU regarding administrative influence on banks in case of violations.
