The National Bank of Ukraine is introducing changes to the requirements for banks to form mandatory reserves in order to increase the efficiency of monetary market regulation under martial law and stimulate the attraction of external financing.
This is stated in the NBU's message, Ukrainian News Agency reports.
It is assumed that from November 10, 2025, the calculation of mandatory reserve ratios will not include forcibly seized and sanctioned funds.
These include:
- forcibly seized funds in accordance with the Law of Ukraine "On the Basic Principles of the Forcible Seizure in Ukraine of Objects of Property Rights of the russian federation and Its Residents", as well as funds received into possession that were seized in accordance with this law;
- blocked funds in connection with the application of special economic and other restrictive measures in accordance with the Law of Ukraine "On Sanctions".
This will primarily allow optimizing approaches to calculating required reserves, since such funds are essentially immobilized and do not affect monetary processes.
The introduction of these changes will not have a significant impact on the total volume of required reserves in the banking system.
In addition, from December 10, 2025, the NBU excludes from the calculation of required reserves loans attracted by banks for a term of more than one year from non-resident legal entities whose shareholders include a foreign state and/or in whose authorized capital the share of international financial organizations (IFOs) is at least 10%.
Currently, the algorithm for calculating required reserves does not include all loans attracted from IFIs.
The innovations will increase incentives for banks to attract long-term funds to finance reconstruction projects.
As Ukrainian News Agency earlier reported, according to a survey of banks, from June 1, 2024 to October 1, 2025, banks also provided financing for energy storage and heat generation business projects for 416 MW.
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