The procedure for restoring the financial condition of banks has been determined.
It was determined how plans will be developed to restore the stability of banks in the event of their financial difficulties.
The procedure for restoring the financial condition of banks has been approved.
The Ministry of Justice has submitted to the state registration a departmental document establishing the requirements for the financial recovery plan of banks. This document was registered on August 13, 2026 under number 3924.
The regulation determines the content of the financial recovery plan of banks and the requirements for its updating. The procedure for submitting the plan to the Central Bank and its assessment is also provided for in this document.
The recovery plan is approved by the bank's supervisory board. The bank's internal audit service independently assesses the development, updating and implementation of the plan at least once a year.
The recovery plan includes information on its management, strategic analysis and recovery indicators. In addition, the document establishes recovery measures, recovery scenarios, a procedure for communicating within the plan, and preparatory measures aimed at its implementation.
The bank updates the recovery plan annually. At the same time, the plan shall be updated ahead of schedule if there are significant changes in the organizational structure, activities or financial condition of the bank that may affect the plan.
According to the Regulation, banks' recovery plans shall be regularly reviewed and updated as necessary. This document shall enter into force three months from the date of its official publication.