Banking license

A legal entity acquires a status of a bank and a title for banking only upon obtainment of a banking license and a respective entry on such legal entity to the State Bank Register.

A banking license is a special document issued by the National Bank of Ukraine pursuant to the terms and procedures stipulated by law, and with this document banks and branches of foreign banks have a right for banking business. Persons or entities guilty in conduct of banking business without a relevant license bear civil, administrative or criminal responsibility pursuant to the law.

A legal entity intending to conduct banking must apply for a banking license and submit a package of documents required by law within a year of state registration to the National Bank of Ukraine in accordance with the procedure stipulated by law and regulations of the National Bank of Ukraine.

In case of no grounds for refusal in licensing, the National Bank of Ukraine enters information about the legal entity to the State Bank Register and simultaneously makes a decision on granting a banking license.

Specialists of ‘KD CONSULTING’ legal & consulting firm have a long practical experience in assisting licensees and will provide a full range of services related to obtaining a banking license.