New bank failures are inevitable
The Ukrainian banking system is in a difficult financial and economic situation. Thus, about 50% of assets on banks’ balance sheets are problematic. This will inevitably lead to another wave of defaults and bankruptcies, reports RBC-Ukraine with reference to a statement by World Bank Group Advisor Evgeniy Rokitsky.
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Yevgeny Rokitsky, during parliamentary hearings in the Verkhovna Rada of Ukraine Committee on Economic Policy, spoke about the strategic problems of Ukrainian banks.
In particular, according to Rokitsky, at least half of the problem assets on the balance sheets of Ukrainian banks, and the amount of problem loans in the corporate sector reaches $20 billion.
“Accordingly, this leads to the need to somehow close this hole in the balance sheets of banks through lending from the National Bank of Ukraine. Today we know that there are 34 such banks,” Rokitsky said.
Let us remind you that the debt of banks and the Deposit Guarantee Fund and to the NBU increased by almost UAH 1 billion in March alone.
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