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Showing posts with label BANKING IN UKRAINE. Show all posts
Showing posts with label BANKING IN UKRAINE. Show all posts

Sunday, February 19, 2012

THE NATIONAL BANK OF UKRAINE


The National Bank of Ukraine is the central bank of Ukraine. Legal status, principles of organization and activities of the National Bank of Ukraine are determined by the Constitution of Ukraine and the Law of Ukraine "On the National Bank of Ukraine".
The National Bank of Ukraine is a legal entity with separated property, which is the object of the state property. Its authorized capital amounts to UAH 10 million and is the state-owned property which is in the full economic competence of the National Bank.

THE STRUCTURE OF THE BANKING SYSTEM OF UKRAINE


        The evolution of the national banking system in Ukraine started in March, 1991, after the adoption of the Law of Ukraine "On Banks and Banking" by the Verkhovna Rada. This law defines the structure of the banking system, the economic, organizational and legal basis for the establishment, transactions, reorganization and liquidation of banks in Ukraine.