BUSINESSINDIVIDUALS

Ukrainian banking system transfers to international accounting standards

On December 1, 2015, the banking system of Ukraine has transferred to the international accounting standards.

Deputy Chairman of the National Bank of Ukraine (NBU), Vladyslav Rashkovan said at a meeting of top managers of 40 Ukrainian leading banks, the NBU press service reports.

“On December 1, the Ukrainian banking system has transferred to the international accounting standards. This is an outstanding event, which the banks have been waiting for the last 17 years,” Rashkovan said.

The NBU also noted that for the realization of this project from February 2015 a pilot project had been realized, as well as the workshops by the World Bank, during which bank accountants studied international standards of accounting.

By Ukrinform