The National Bank of Ukraine has updated the list of benchmark domestic government debt securities that banks can use to partially meet reserve requirements, effective 11 June 2025. It removed one redeemed issue and added a newly issued security to the eligible list. ISIN UA4000227102 was excluded following its scheduled redemption on 21 May 2025, while ISIN UA4000235642 was added after its first placement by the Ministry of Finance of Ukraine on 27 May 2025. Banks can use benchmark bonds to cover up to 60% of reserve requirements, and the list will comprise 17 securities from 11 June 2025; the list is compiled by the National Bank of Ukraine based on proposals from the Ministry of Finance of Ukraine. The change was approved by National Bank of Ukraine Board Decision No. 188 amending Board Decision No. 752 (23 November 2017), adopted on 6 June 2025 and enacted on 10 June 2025.
National Bank of Ukraine 2025-06-09
National Bank of Ukraine updates benchmark government bonds eligible for banks’ reserve requirement coverage
The National Bank of Ukraine has updated its list of benchmark domestic government debt securities for banks to meet reserve requirements, effective 11 June 2025. The update includes the removal of ISIN UA4000227102 and the addition of ISIN UA4000235642, allowing banks to cover up to 60% of reserve requirements with these securities. The list, now comprising 17 securities, was revised following proposals from the Ministry of Finance of Ukraine.