Second twenty banks: If it will not capitalize, it will be recognized as insolvent

National Bank of Ukraine said that second twenty of Ukrainian banks in terms of assets necessary to achieve positive capital adequacy ratio values ??before January 1, 2017.

"Banks that do not ensure the achievement of positive value of capital adequacy as of January 1, 2017, will be recognized as insolvent," - said NBU.

"From second twenty banks - 7 banks did not need to capital increase, further 12 - provided the recapitalization program. PJSC" Bank Mihaylovskiy "was declared insolvent before the completion of diagnostic process", - informs NBU.

In 2016 National Bank continued diagnosis of asset quality and capital adequacy of 40 banks. Other banks NBU will check before the end of September 2017.

Banks are obliged to submit electronically to National Bank information on performance indicators for the further disclosure on the website of central bank's quarterly (I-III quarter), as well as for the year - before the 30th day of the month following of reporting period.

In addition, until 25 April 2017, banks must submit updated information for the year based on annual adjustment entries, including results of external audit.

Alexander Bondarenko,Ph.D.

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