: :inin Kyiv (EET)

Third of Ukrainian banks need additional capitalization – National Bank of Ukraine


Twenty-seven financial institutions out of 60 largest banks in Ukraine, on which the National Bank of Ukraine (NBU) conducted diagnostics in 2015-2016, are continuing additional capitalization, the NBU reported.

According to the NBU, the program of additional capitalization is implemented by eight banks from the first group, whose diagnostics was completed on April 1, nine banks from the second group, verified by January 1, 2016, as well as 10 banks from the third group, whose diagnostics was completed on April 1, 2016.

Earlier, the National Bank in 2015-2016 conducted diagnostics of the country`s 60 largest banks, accounting for 97% of Ukraine`s banking sector.

According to the Ukraine-IMF Cooperation Memorandum following the third EFF review, the diagnostics of other Ukrainian banks should be completed no later than the end of September this year. After that, the financial institutions will have to agree their restructuring plans with the NBU no later than the end of December 2017.

In addition, by mid-July 2017, all banks in Ukraine should have a minimum capital of UAH 200 million. The financial institutions that do not meet this requirement will be withdrawn from the market.

UaPositon

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