Ukraine's NBU ends blank refinancing operations

MOSCOW. Nov 7 (Interfax) - The National Bank of Ukraine (NBU) halts blank refinancing operations for banks due to a record surplus in the banking system, the regulator's press service said last Saturday.

The relevant decree took effect on November 5, the Ukrainian media reported.

The NBU noted that the blank refinancing helped keep the financial system stable at the start of the crisis, but it has lost its relevance today.

At the same time, the banks continue to have access to standard secured refinancing loans, the regulator said.