KIEV, March 4 – The National Bank of Ukraine has proposed that mergers of small and medium-sized banks with market shares of no more than 0.5% to 1% market shares be allowed to proceed without the permission of the Antimonopoly Committee.

"The legislative initiative of the NBU to relax the bank consolidation procedures provides for the possibility of not applying for a permit to the Antimonopoly Committee to merge for small and medium-sized banks, which market share does not exceed 0.5-1% of the market, which considerably mitigates the process," Deputy NBU Governor Vladyslav Rashkovan said at a meeting of top managers of the NBU and the committee.