OREANDA-NEWS.The National Bank of Ukraine (NBU) has published Act #350 restricting the maximum interest rate for external borrowing at levels no higher than 12.5%, Alfa Capital Ukraine disclosed. This restriction is much more liberal than the previous Act #235, in which the maximum interest rate stipulated was no higher than the average weight of the interest rate for government bonds in the previous two quarters plus 2%.

These restrictions can be cumbersome for small banks and companies, but for larger banks and businesses should have no negative effects, the experts believe.