The National Bank of Ukraine (NBU) has identified 14 systemically important banks in accordance with the updated methodology, the central bank’s press service has reported.
“The National Bank has determined the list of systemically important banks in accordance with the updated methodology. The new methodology has significantly expanded the number of such banks,” reads the report.
According to the NBU, 14 systemically important banks are the following: PrivatBank, Oschadbank, Ukreximbank, Ukrgasbank, Alfa-Bank, Ukrsotsbank, Raiffeisen Bank Aval, FUIB, Ukrsibbank, Tascombank, Universal Bank, Kredobank, OTP Bank, and Bank Pivdennyi.
The acquisition of the systemically important status imposes an additional burden on banks, as they must meet certain increased requirements to ensure their safety margin. (Ukrinform/Business World Magazine)
