Ukraine's state-owned banks reduce problem loans by over US$185 mln in 2018

Ukraine's state-owned banks in 2018 reduced problem loans by UAH 5 billion, or US$185.3 million, and restructured debts by UAH 21 billion, or US$778.1 million.

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The country's Financial Stability Council in July 2018 created a committee to regulate non-performing loans of state-run banks. The latter also developed recommendations for such banks, according to the first regular report on state banks' non-performing loans, published on the Finance Ministry's website.

The ministry also said the introduction of tools and mechanisms that will help accelerate the repayment of non-performing loans is a priority.

UNIAN memo. The state represented by the Finance Ministry owns four major Ukrainian banks in terms of assets, namely PrivatBank, Ukreximbank, Oschadbank, and Ukrgasbank.

According to the National Bank of Ukraine (NBU), non-performing loans in the Ukrainian banking system accounted for 52.85% as of the beginning of 2019, while their share in the state-owned banks was 67.92%.