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Economy 2020-07-15T06:55:36+03:00
Ukrainian news
Share Of Troubled Loans In Ukraine Grow In 2016 From 22.1% To 30.5%

Share Of Troubled Loans In Ukraine Grow In 2016 From 22.1% To 30.5%

Ukraine, National Bank of Ukraine, loans, troubled loans

The share of troubled loans in Ukraine grew in 2016 from 22.1% to 30.5%.

The press service of the National Bank of Ukraine announced this in a statement, Ukrainian News Agency reports.

"The stated share of non-performing loans made 30.5% at the end of 2016 which is notably lower than the indexes calculated during the process of diagnostic survey," reads the statement.

The transfer of banks to new rules of classification of loans following the endorsement of the Provisions on assessment of credit risk and true quality of credit portfolio of PrivatBank brought the stated share of non-performing loans closer to the results of the stress tests.

The new definition of non-performing loans is based mostly on existence of delinquencies of 90 days and more.

As Ukrainian News Agency earlier reported, the share of troubled loans in Ukraine in the total volume of loans issued by banks grew in 2015 from 13.5% to 22.1%.

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