Certainly, here is a concise overview of the changes to the Rules of bank operations related to the introduction of martial law in Ukraine:
1. **Essence of Changes:** The resolution extends and expands certain temporary measures introduced to support the stability of the banking system under martial law. In particular, the changes concern issues of collateral valuation, determination of asset default, and credit risk calculation, especially for enterprises important to the defense-industrial complex.
2. **Structure and Main Provisions:**
* The validity of some relaxations, in particular regarding the inspection of collateral in areas where hostilities are taking place, has been extended until January 31, 2027.
* The countdown for determining the number of days of asset default is suspended from February 24, 2022, to June 30, 2026.
* The issues of assessing the financial condition and credit risk for borrowers who are of significant importance to the national economy in the field of the defense-industrial complex are regulated.
* Banks are allowed not to apply the default feature for 120 days for defense-industrial complex enterprises after the conclusion of a loan agreement.
* Banks are granted the right to take into account state guarantees when calculating credit risk for loans provided to increase defense capabilities, even if the asset has been in default for more than 90 days.
3. **Key Provisions for Use:**
* Banks should take into account the extension of the temporary measures when conducting inspections and asset valuations.
* Special attention should be paid to the new rules for assessing the financial condition and credit risk for defense-industrial complex enterprises that have received state support.
* It is necessary to consider the possibility of applying state guarantees when calculating credit risk for loans for defense capabilities.