REUTERS
The National Bank of Ukraine (NBU) could sustain UAH 2.2 billion, or US$ 82.3 million, in losses because of lawsuits filed against the regulator, according to the NBU's consolidated financial statements for 2016.
Meanwhile, the regulator notes that the likelihood of such losses is low.
"There is a probability of possible loss on some claims totaling UAH 2.2 billion, but it is not high," the statements said.
Read alsoNBU expects increased remittance flow from Ukrainians working in EU, U.S.As UNIAN reported earlier, a number of former shareholders of the banks, being recognized by the National Bank as insolvent, had begun appealing the regulator's decisions in court.
The National Bank considers it necessary to implement a high-quality judicial reform in the country, excluding corruption and increasing the effectiveness of the judicial system.
UNIAN memo. During the banking system purge in 2014-2017, the NBU removed 90 banks from the market, with 33 of them being declared insolvent in 2014, another 33 in 2015, 21 in 2016, and another three in 2017.