NBU to start paying interest on bank reserves

"Based on the balance of the obligatory reserves that banks transferred to a special account at the National Bank, the NBU accrues interest under the set procedure, on condition a bank observes the procedure for the formation and preservation of obligatory reserves," the document reads.

Earlier the central bank toughened requirements to the formation of banks' obligatory reserves.  Starting on August 3, 40% of those reserves were to be sent to special accounts at the central bank, and 50% starting on September 10.  The sums transferred were interest-free. As of August 1, the volume of banks' obligatory reserves made UAH 11.6 billion (UAH 8.0 / USD 1).