the financial stability Board approved the work plans of the state banks to reduce the amount of non-performing loans (NPL).
it is reported the press-service of the NBU.
"Bank Representatives presented the operational plans to reduce the volume of NPL over the next three years. Following consideration of the matter, the financial stability Board has submitted its proposals and comments presented to and approved plans, subject to the banks announced proposal", - stated in the message.
national Bank note that the approval of plans of work of state-owned banks to reduce the NPL means the fulfillment of one of the structural milestones of the cooperation program with the IMF.
Also, the financial stability Council adopted a decision on the immediate establishment of a working group to develop an action plan to minimize possible risks that may arise in case of a recognition the Constitutional court of Ukraine as unconstitutional of the Law "On the system of guaranteeing the deposits of individuals" (on the constitutional representation of the Supreme Court of Ukraine №4/1868(15). The working group included representatives of the National Bank of Ukraine, Ministry of Finance of Ukraine and the Deposit guarantee Fund of individuals.
As reported, in 2019 the volume of bad loans (NPL) in the Ukrainian banks for the first time in recent years fell below the 50% level. However, the share of NPL of the banking system is still quite high, as of 1 January 2020 531 billion, or 48.4% (-4,5 V. p. to 2019) loan portfolio of the banking system.
In the state banks, the NPL volume in 2019 was reduced by 40 billion UAH, and their share in the loan portfolio decreased by 4.4 V. p. to 63.5%.
First Deputy Chairman of the national Bank of Ukraine Kateryna Rozhkova noted that the goal of the NBU to reduce the level of non-performing assets to 10% by 2025.
Source: https://www.ukrinform.ua/rubric-economy/3057794-rada-z-finstabilnosti-zatverdila-plani-roboti-derzbankiv-iz-nepracuucimi-kreditami.html