meta_id 3120324

On May 1, 2026, the National Bank of Ukraine (NBU) adopted Resolution No. 48, which came into effect on May 2, 2026, implementing amendments to credit risk assessment requirements for banks operating under wartime conditions. The changes aim to facilitate further credit expansion by refining how banks evaluate credit risk in their active banking operations. The amendments to the Regulation on Credit Risk Determination and the NBU Board Resolution No. 13 (February 3, 2026) introduce several key modifications. These include relaxed conditions for ceasing recognition of default for individual borrowers and private entrepreneurs with restructured debt; reduced default probability coefficients for individuals with mortgage loans, resident bank borrowers, and counterparties with funds placed in other resident banks, based on updated statistical data; and permission for banks to apply lower-than-average default probability coefficients for counterparties with irrevocable financial commitments, subject to NBU-approved internal bank policies. The NBU estimates these changes will reduce credit risk by approximately 750 million hryvnia, freeing capital for banks to increase lending. Implementation timelines for certain provisions—including development and updating of internal bank policies and recalculation of credit risk and problem asset management—have been extended to allow practical adjustment by the banking community. These measures form part of the NBU's broader Credit Development Strategy, initiated in 2024 with other stakeholders. The strategy has demonstrated measurable results: net hryvnia-denominated business credit increased by more than one-third in 2025, and credit penetration in the economy expanded for the first time since the full-scale invasion began. **Reference:** National Bank of Ukraine Board Resolution No. 48 (May 1, 2026)