REUTERS
Ukraine's banking sector reliability has been restored after a two-year purging of the banking sector, while the share of financial institutions' assets in the risk zone due to non-compliance with the requirements of the National Bank of Ukraine (NBU) does not exceed 1.5%, according to the NBU website referring to the banking sector review for Q1 2017.
The regulator mentioned low operational efficiency of the state-owned banks and the low quality of their assets as the main risk of the banking sector, urging for a significant boost of the reform of the state-owned banks.
Read alsoUkraine’s solvent banks earn UAH 5 bln in 1Q 2017As UNIAN reported earlier, during a three-year banking purge campaign in Ukraine, 91 banks with six banks in 2017 alone had left the market.