By KYIV. Nov 22 (Interfax-Ukraine) – The Verkhovna Rada generally adopted bill No. 9422, developed by the National Bank, on improving state regulation of financial services markets, which, in particular, lowers the marginal microcredit rate for 240 days from 2.5% to 1% per day.
As stated on the parliament’s website, 255 MPs voted for the law, with the required minimum of 226 votes.
According to the comparative table for the second reading and the transcript of the hearings, in the first 120 days after the publication of the law, the marginal rate will be 2.5% per day, in the next 120 days – 1.5% per day, and then – 1% per day.
It is clarified that when calculating the rate, all expenses of the debtor are taken into account, and the National Bank is given the right to clarify the calculation formulas in order to avoid abuse by creditors.
As reported, bill No. 9422 was registered in parliament on June 26, 2023.
