Ukraine’s state-owned banks in 2018 reduced problem loans by UAH 5 billion, or by $185.3 million, and restructured debts by UAH 21 billion, or by $778.1 million.
The country’s Financial Stability Council in July 2018 created a committee to regulate non-performing loans of state-run banks. It also developed recommendations for such banks, according to the first regular report on state banks’ non-performing loans, published on the Finance Ministry’s website.
The ministry also said the introduction of tools and mechanisms that would help accelerate the repayment of non-performing loans was a priority. (UNIAN/Business World Magazine)
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