Ukraine: state banks write off UAH 111 billion worth of NPLs
Ukraine’s state-owned banks wrote off UAH 111 billion worth of bad debts in January-November, which allowed them to reduce the share of NPLs in their portfolios below 60% for the first time in a long while, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko wrote on his Facebook page. “In 2020, we began…