Ukraine’s Central Bank Expands Benchmark Bond List for Reserve Coverage: Key Changes Effective July 16.

Benchmark Domestic Government Bond List Expanded

According to Мінфін — Крипто/Фінанси: The National Bank of Ukraine (NBU) has announced an expansion of the benchmark domestic government bond (OVDP) list, allowing banks to use these securities to cover a portion of their mandatory reserve requirements. The updated rules take effect on July 16, 2026. The revised list will include 21 bond issues, with a notable addition being the domestic government bond identified by code UA4000239073.

The UA4000239073 bond was first issued on July 7, 2026. Under the new regulations, banks can count up to 60% of their required reserves using the designated benchmark OVDPs, a move expected to bolster financial stability and enhance liquidity within the banking system.

New Bonds Added to the Benchmark OVDP List

The updated benchmark OVDP list also features the following additional bond identification codes:

• UA4000228043
• UA4000228381
• UA4000228811
• UA4000229116
• UA4000232177
• UA4000232607
• UA4000232615
• UA4000232896
• UA4000232912
• UA4000233613
• UA4000234140
• UA4000234553
• UA4000234934
• UA4000235642
• UA4000236418
• UA4000236632
• UA4000237564
• UA4000238844
• UA4000238984
• UA4000239057

This revision to the benchmark OVDP list marks a significant step toward strengthening Ukraine’s financial system, boosting bank liquidity, and offering broader flexibility in managing mandatory reserves. It could serve as a key factor for the banking sector’s stability, especially amid the economic challenges the country faces. The expanded list may also improve the investment climate by encouraging more market participants to actively engage with these financial instruments.