Photo from NBU
The National Bank of Ukraine today, February 13, announced the start of a diagnostic evaluation of asset quality and capital adequacy at 37 banks, which had not passed the procedure.
As reminded by the regulator's press service, in 2015-2016 the NBU had already conducted similar audits in respect of 60 of Ukraine’s largest banks in terms of assets.
Read alsoNBU to up fivefold foreign currency purchase limit for banks"Now it is the turn to carry out diagnostics at other banks, with the asset volume of less than 2% of the banking system’s total. This process will be carried out two stages - until June 1 and August 1, 2017. Some more time will be needed to coordinate with the banks the results of the diagnostics and, if necessary, to draft recapitalization programs on their basis," said Deputy Head of the National Bank Kateryna Rozhkova.
UNIAN memo. During a banking system purge in 2014-2017, the NBU withdrew from the Ukrainian market as much as 90 banks, including 33 banks declared insolvent in 2014, another 33 - in 2015, 21 - in 2016, and another three - in 2017.