As of October 1, the share of non-performing loans (NPLs) in state-owned banks (excluding PrivatBank) decreased from 47.6% to 43.5%, the press service of the National Bank of Ukraine (NBU) wrote on Facebook.
According to the central bank, state-owned banks have begun to implement plans to clean the balance sheets from the legacy of previous years – non-performing loans.
In September, state-owned Ukreximbank wrote off UAH 16.6 billion in non-performing loans, for which 100% of reserves had previously been formed.
As a result, the share of NPLs in state-owned banks (excluding PrivatBank) decreased from 47.6% on September 1 to 43.5% on October 1.
At the same time, the share of NPLs in the banking sector declined from 48% to 45.6% as of October 1. (Ukrinform/Business World Magazine)