The independent experts have estimated the value of 70 liquidated banks' assets in UAH 94 billion, which is four times less than the book value of these assets at UAH 418 billion, according to the press service of the Individual Deposit Guarantee Fund.
The Fund, which manages these banks, has said that during the process of assessment, the quality and the actual market value of the assets were taken into account first of all, but not the data in the accounting documents of the bank.
The Fund noted that 80% of the assets of insolvent banks are loans, whose market value depend on the availability of collateral and its value, the history of credit service, the fact of the borrower's bankruptcy (including fictitious), the state of claims work, the financial condition of the borrower, etc.
According to the Fund, almost the entire loan portfolio of insolvent banks, or 90% of total debt, is problematic and not serviced.
Moreover, almost half of the portfolio has been issued to 600 major business groups, including those associated with banks.
In addition, assets worth over UAH 50 billion remain in territories beyond Ukraine's control in occupied Crimea and the Anti-Terrorist Operation zone.
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Among other factors that reduce the real value of assets, the Fund called the devaluation of the hryvnia, the artificial bankruptcy of borrowing companies, the withdrawal of funds by placing them in correspondent accounts in foreign banks, poor protection of the rights of creditors and imperfect judicial system.
According to the report, the Fund intends to sell the assets of the liquidated banks at the highest possible price as soon as possible.