NBU removes 16 banks from market since early 2016

NBU removes 16 banks from market since early 2016

The National Bank of Ukraine (NBU) has removed 16 banks from the Ukrainian market since the beginning of the year.

NBU Governor Valeria Gontareva has stated this at the Ukrainian Financial Forum in Odesa, the NBU press service reports.

“We have removed 81 banks from the market since 2014, including 16 banks removed this year. Thus, we have already switched to the banking system reboot. In particular, we are gradually increasing risk management level. The credit risks of banks will be recognized timely and in full,” Gontareva said.

She also added that the banking system 'cleaning' process has been rather painful but we can see the first outcomes today. In particular, it is reflected in gradually restoring confidence in the banking system, which is confirmed by a gradual rise in the number of retail deposits in the Ukrainian national currency.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". Materials marked Advertising are published based on the advertising rights.

© 2015-2017 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period: