The national Bank of Ukraine (NBU) next week to start stress-testing of 33 banks, accounting for only 2% of banking system assets. This was announced by Deputy Chairman of the national Bank Ekaterina Rozhkova, reports “UKRINFORM”.
“I hope that starting probably from next week we will begin diagnostic testing of the remaining banks. It is 33 of the Bank which by their small size, as 60 banks (which have passed stress tests – Ed.) accounted for 98 per cent of banking system assets. That is – it is only 2% of the assets, or 33 of the Bank, which we will diagnose,” said Rozhkov.
According to her, it was likely that the banks will not pass the “scan test”, since most of them are a consequence of the so-called banking “baby boom”, so “today investors in these banks are gone.”
Recall that 60 banks completed the stress test: 21 the Bank did not need capital increase, and nine have already completed a recapitalization program. Thus, the recapitalization program are now 30 banks. In addition, the status of problem now have five financial institutions