Share of NPLs goes down in state-owned banks

2/28/19

In 2018, state-owned banks reduced delayed debts by UAH 5 billion and restructured obligations amounting UAH 21 billion. These results are listed in the first regular report of the Ministry of Finance on processing non-performing loans that is published as part of regular and detailed reporting on the operations of state-owned banks.

The Ministry of Finance is obliged to publish bi-annual reports on the operations of state-owned banks concerning the processing of NPLs. Also, the Ministry of Finance plans to publish an analytical report in several months presenting extended data on the key performance figures of state-owned banks and information on the status of court proceedings and requests to the law enforcement authorities.

“In July last year, the Financial Stability Council established the Committee to Settle NPLs of State-Owned Banks that prepared recommendations concerning the handling of NPLs; the first results have already been achieved. Along with this, our priority task is to promptly implement tools and mechanisms designed to resolve the issue of the NPLs,” said Minister of Finance Oksana Markarova.

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