Share of non-performing loans in Ukraine shrinks to 55.06% in July

Photo from UNIAN The share of non-performing loans in Ukraine&#39;s banking system shrank to 55.06% in July 2018 from 55.68% in June 2018. The amount of such loans at the beginning of August rose to UAH 631.2 billion (US$22.30 billion) from UAH 626.1 billion (US$22.12 billion) at the beginning of July, the National Bank of Ukraine said on its website. Read alsoUkraine repaying debts: $160 mln transferred to IMF UNIAN memo. Non-performing loans accounted for 54.5% of loans issued by Ukrainian banks as of January 1, 2018. Their amount was UAH 595 billion (US$20.02 billion). A non-performing loan is a sum of borrowed money upon which the debtor has not made the scheduled payments for a period of usually at least 90 days for commercial banking loans and 180 days for consumer loans. A non-performing loan is in default or close to default.

Share of non-performing loans in Ukraine shrinks to 55.06% in July

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