This document will come into effect 15 days after its official publication.
The key change pertains to the definition of the term "blank loans".
It is now clarified that the property rights of the borrower, as well as the bank's right to future receipts (including cash, goods, inventory, accounts receivable, and other assets) can be considered as collateral for the loan only if there are supporting documents or valid contracts.
If such confirmations are absent, the loan will be classified as a blank loan.
The National Bank also emphasized that personal rights, such as the right to salary, pension, or receipt of personal services, cannot be subject to collateral. This provision has been additionally included in the regulations governing banks' operations with pledged property.
Furthermore, it is clarified that blank loans can be issued exclusively to borrowers with sufficient creditworthiness, which requires an assessment of their income and analysis of their financial situation.
It should be noted that the new rules will apply to loans issued after the resolution comes into effect.
Note
A blank loan is an unsecured loan provided by a bank without collateral (real estate, securities, or guarantees) and is based solely on the trust and reputation of the borrower. This product carries certain risks for the bank, which is why it is available only to regular clients with high creditworthiness and an impeccable credit history.
