The National Bank of Ukraine has expanded the set of benchmark domestic government debt securities that banks may use to meet part of their required reserves, adding a newly issued Ministry of Finance bond with effect from 20 August 2025. The newly eligible issue is ISIN UA4000236632, first placed on 5 August 2025. Banks may use benchmark bonds to cover up to 60% of reserve requirements, and the benchmark list compiled by the NBU based on Ministry of Finance proposals will comprise 18 issues after the change. The NBU linked the measure to supporting banks’ participation in Ministry of Finance auctions and financing the state budget without monetary financing. The updated list was approved by NBU Board Decision No. 283 amending Decision No. 752 and is enacted on 20 August 2025.
National Bank of Ukraine 2025-08-19
National Bank of Ukraine expands benchmark bond list banks may use for reserve requirements from 20 August 2025
The National Bank of Ukraine has expanded the list of benchmark domestic government debt securities that banks can use to meet up to 60% of their reserve requirements, adding a new Ministry of Finance bond effective 20 August 2025. This measure aims to support banks' participation in Ministry of Finance auctions and state budget financing. The updated list, comprising 18 issues, was approved by NBU Board Decision No. 283.