Ukrainian state banks in the first half of 2020 wrote off non-performing loans (NPLs) worth UAH 26 billion at the expense of reserves and restructured such loans worth UAH 2.6 billion, the Ministry of Finance reported.
To reduce the share of NPLs, state-owned banks also filed 29,000 new claims to collect debts for a total amount of about UAH 10 billion, the ministry’s press service said.
Over the entire period, the courts ruled to recover 54,000 such cases for UAH 8 billion in favor of state-owned banks, while state executors opened 164,000 enforcement proceedings worth UAH 72 billion.
According to the Ministry of Finance, in general, in the first half of the year, state banks reduced their NPL by UAH 6.1 billion, to UAH 391 billion, and their share in the sector’s loan portfolio – to 63.1%. In the sectoral context, the largest volume of non-performing loans is concentrated in wholesale and retail trade, production of chemicals and chemical products, food production and metallurgy. (UNIAN/Business World Magazine)