The volume of foreign currency purchased by Ukraine`s business for the payment of dividends to foreign investors after the National Bank of Ukraine (NBU) lifted a temporary ban on such activity in mid-June amounted to $400 million, NBU Deputy Governor Oleh Churiy said at a press conference.
”The companies repatriated $400 million since mid-June. This is in line with our expectations, and we see no significant pressure on the hryvnia,” Churiy said.
As UNIAN reported earlier, on June 13, the National Bank of Ukraine allowed the repatriation of dividends accrued to foreign investors for 2014-2015, by setting a limit on the transfer of dividends abroad for one person per month within the larger of the values – the equivalent of $1 million, or 10% of the total amount of dividends to be paid.
The dividends can be transferred abroad by issuers of corporate rights and shares, on which dividends are paid, or depository institution that caters to a securities account of a foreign investor or a foreign investor himself. At the same time, a person will be able to choose an authorized bank for the transfer of dividends.