The National Bank of Ukraine (NBU) has decided to oblige banks to report on problem interbank loans for timely preventive measures concerning the banks, the financial state of which gives rise to concern, Interfax informs.

A relevant decision was stipulated in NBU resolution No. 515 dated December 10, 2012. The document has been registered at the Justice Ministry and will come into force from the date of its publication.

The decree amends the provision on Ukrainian banks' giving information on loan resources sale and purchase transactions in the national currency on the interbank credit market.

"Banks in case of a failure to fulfill or properly fulfill commitments on agreements, under which operations will be performed, should report on this not later than the last day of the period of fulfilling obligations on the deal," reads the resolution.

The NBU is expecting this measure to improve the efficiency of regulating the banks' liquidity through the quickly tracking of credit resource flows on the interbank market. In addition, according to the National Bank's estimates, the changes approved will facilitate the removal of speculative demand for credit resources and the further reduction in the cost of loans issued to the real economy sector.

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