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Automatically translated version. May contain inaccuracies compared to the original.
The National Bank of Ukraine allowed banks not to recognize default by enterprises after short-term debt restructuring if financial difficulties were caused by the war.
The National Bank of Ukraine updated the rules for bank operations under martial law to support enterprises that have faced temporary financial difficulties due to the war. In particular, banks were given the opportunity not to recognize a borrower's default if they carried out a short-term debt restructuring for up to one year, the regulator said.
This refers to cases where problems with loan servicing arose due to the consequences of the Russian aggression. The new approach will apply to restructurings carried out from 1 July 2026 of the year to 1 September 2027 of the year, if the bank sees prospects for the borrower's solvency recovery.
The NBU explained that the decision is based on the experience of preventive restructurings used after crises 2020 and 2022 years. "These steps will not affect financial stability and at the same time will allow a significant portion of borrowers to stabilize their activities," the regulator noted.
Separate relaxations will apply to agricultural business. Due to problems with export logistics, the NBU temporarily changed the rules for valuing collateral in the form of agricultural products. Specifically, the liquidity coefficient of the collateral was increased from 0,4 to 0,75, and the term of the loan agreement secured by such collateral was increased from 12 to 18 months.
Banks were also allowed to determine the value of agricultural collateral taking into account the actual remaining product at the date of credit risk assessment.
In addition, the regulator introduced unified rules for considering guarantee instruments on a portfolio basis and clarified the procedure for calculating delinquencies for individual loans of individuals.
NBU Chairman Andriy Pyshnyy emphasized that the goal of the changes is not to reduce risk assessment requirements, but to give viable businesses time to recover. "Our task is to respond in a timely manner and ensure that temporary difficulties do not deprive viable enterprises of access to financing," he said.
According to the official, this is especially important after the large-scale damage to marine export infrastructure and logistics centers.
As reported, Ukraine appealed to the European Commission with a request to allocate 220 million euros in non-repayable aid to compensate interest on loans for small and medium agricultural producers affected by the blockade of sea exports due to Russian attacks on the port infrastructure around Odesa.
Attacks by Russia: farmers may lose $3 billion.
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