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National Bank simplifies procedure for raising external financing by residents
17:57, 24 March 2017
National Bank simplifies procedure for raising external financing by residents

The according step aims to streamline the requirements to operations involving raising external financing by residents, according to NBU

17:57, 24 March 2017

dsnews.ua

The National Bank of Ukraine (NBU) has simplified the registration procedure for agreements on granting forex loans to resident borrowers by nonresidents. The according message was posted on the website of the national financial regulator.

"This move by the regulator aims to streamline the requirements to operations involving raising external financing by residents," NBU stresses.

Thus, the National Bank simplified the registration procedures in case of replacement of a resident creditor with  a nonresident creditor under the loan agreement, introduced a new automated registration system for agreements on granting forex loans to resident borrowers by nonresidents and repealed a requirement for resident borrowers to submit a certificate indicating the actual loan amount and amounts repaid under the loan agreement.

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