Date: 8 months ago   Category: Financial

In Ukraine any bank isn't recognized insolvent for the first time since 2014 - the NBU


In the first half of the year 2018 any bank hasn't been recognized insolvent that is recorded for the first time since the beginning of crisis of 2014. In January - June, 2018 any bank hasn't been recognized insolvent that is recorded for the first time since the beginning of crisis of 2014. About it on Wednesday, September 26, the head of the Council of the National Bank of Ukraine Bogdan Danilishin in the Facebook has reported. "Council has emphasized that today process of cleaning of the banking sector has come to the end and process of restoration and development of a banking system is begun. In the first half of the year 2018 any bank hasn't been recognized insolvent that is recorded for the first time since the beginning of crisis of 2014", - it is said in the statement by results of a meeting of council of the NBU. In the regulator note that after completion of cleaning of the banking sector banks show activity stabilization. "Most banks is is operational profitable, a considerable part of credit risk is reserved, crediting is gradually restored, carried out work with problem and non-core assets. The national bank works on the solution of the problems of a banking system which are saved up for last years that will allow to increase resistance of banks to possible shocks", - it is noted in the message. At a meeting of Council of National Bank also it has been underlined that the last 12 months, from July, 2017 to July, 2018, were characterized by formation of the reformed banking system and its adaptation to new operating conditions. For this purpose there were in general favorable macroeconomic conditions taking into account economic growth. Also inflow of means to her contributed to the development of a banking system, improvement of a financial condition of the enterprises and increase in nominal income of the population was the catalyst of what. At the same time in the regulator have noted that the entered changes for the present haven't allowed to create basis of sustainable development of a banking system. Earlier District administrative court of Kiev has confirmed legitimacy of the decision on reference of Privatbank made by the NBU to category of insolvent. Before it the National Bank has won court on non-recognition of Privatbank problem. The Supreme Court has supported the NBU in a dispute with the client of bank who asked to recognize as illegal divergence of National Bank. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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