: :inin Kyiv (EET)

Foreign currency loans to be converted into hryvnia at last year’s exchange rate


The National Bank of Ukraine, along with banks and banking associations, has agreed on basic provisions regarding the restructuring of consumer loans in foreign currency.
The National Bank reported this on its Facebook page.
“The National Bank of Ukraine (NBU) held a meeting, during which the main provisions of the draft memorandum regarding the restructuring of consumer loans in foreign currency have been agreed on. Thus the draft memorandum acquired the status of a full-fledged document that remains in the process of signing by all the parties,” reads the statement.
The provision of the memorandum envisages the restructuring of consumer loans in foreign currency that were obtained under collateral for property, the remainder of the major part of which does not exceed UAH 2.5 million at the official rate of the hryvnia against foreign currency set by the National Bank of Ukraine on January 1, 2014.
According to NBU First Deputy Chairman Oleksandr Pysaruk, the NBU and banking institutions finally managed to approach the positions of all parties concerned and to create a draft document that would help reduce social tension in society.
The text of the memorandum will be published on the official website of the National Bank of Ukraine after it is signed.

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