The necessity to additionally capitalize state-run banks will be established after assessing their credit risks in line with the resolution of the National Bank of Ukraine (NBU) No. 351 on the approval of the procedure for determining credit risks under active bank transactions by banks that was recently endorsed, Deputy Finance Minister Yuriy Butsa has said.
“Now the assessment of the necessity to expand reserves by banks under NBU resolution No. 351 continues. After the results of the assessment, maybe it would be required to additionally capitalize state-run banks. It is too early to speak about it. The assessment system is being tested”, he said.
He said that the capitalization plan for this year had been implemented. (Interfax/Business World Magazine)