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Central bank tightens lending standards for money-losing banks
Journal Staff Report

KIEV, July 29 – The National Bank of Ukraine has banned banks posting losses from issuing unsecured credits, dealing with insiders when giving new credits and guarantees, buying their own shares and buying nongovernmental securities in their own name.

The requirements are stipulated in NBU resolution No. 412 of July 22 on some issues of banks' activities during the downturn, which was sent to banks by the NBU on Tuesday and made available to Interfax-Ukraine.




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