Resolution No. 327 of the NBU Board dated 13.07.2010, "On approval of the regulations enabling the NBU to grant stabilization loans to Ukrainian banks" ("Resolution 327").
Resolution 327 terminated Resolution No. 47 of the NBU Board dated 04.02.2010, "On approval of the regulations governing refinancing and NBU loans to Ukrainian banks, to create incentives for lending within the Ukrainian economy for the period of recovery to its pre-crisis state," and approved the regulations for the NBU to grant stabilization loans to Ukrainian banks, which include the following provisions:
- A stabilization loan can be granted to a solvent bank to support its liquidity for a period of up to 90 days (formerly – up to 1 year). The total period of utilization of a stabilization loan, including any extensions of such period, may not exceed 360 days, and in case of substantial threat to the stability of the bank's activity, it may not exceed 450 days (formerly from 1 to 5 years); and
- Amendments were introduced with respect to possible security given under stabilization loans.
Resolution 327 became effective on 23.07.2010.
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