NBU`s allowance for losses in Crimea, Donbas amounts to UAH 1 bln

As of December 31, 2015, allowance for the losses of the NBU`s assets located in or otherwise associated with the Autonomous Republic of Crimea (including loans to borrowers) and those incurred due to the loss by the Ukrainian authorities of control over certain areas in Donetsk and Luhansk regions amounted to UAH 1,022 million, which was equal to 0.12% of the NBU`s consolidated assets (as of December 31, 2014 it was UAH 1,042 million, which was equal to 0.18% of the NBU`s consolidated assets).
According to the Consolidated Financial Statements for the Year Ended December 31, 2015 of the National Bank of Ukraine (NBU), in 2015, the NBU recovered the cost of its property and equipment for the amount of UAH 9 million (in 2014, considering the temporary occupation of the Autonomous Republic of Crimea and the city of Sevastopol, as well as certain areas of Donetsk and Luhansk regions, the NBU recognized the impairment of non-current assets of the NBU in the amount of UAH 798 million in respect of its assets that are impossible to use).
On January 16, 2015, Ukrainian President Petro Poroshenko said that Ukraine had recovered around UAH 3.7 billion worth of assets that were seized after the invasion and annexation by Russia of the Ukrainian territory of Crimea.
The assets were thought to be cash and valuables that had been seized from the vaults of the National Bank of Ukraine in the Autonomous Republic of Crimea during the annexation of the peninsula.

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