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(the results of stress testing for the bank will be assessed taking into account the dynamics of its joining Alfa-Bank), Megabank, Credit Dnipro Bank, Universal Bank, A-Bank, Prominvestbank, Idea Bank, Bank Vostok, MTB Bank, Bank of Investments and Savings, Industrial Bank, Bank Globus, International Investment Bank and Bank Forward.
According to the resilience assessment findings, the regulator will determine the required levels for the regulatory capital adequacy ratio (N2) and the common equity adequacy ratio (N3). The required level of the capital adequacy ratios will be estimated in order to ensure banks’ compliance with the minimum requirements of N2 and N3 according to the baseline scenario (10% and 7%, respectively) and less strict requirements to the said ratios under the adverse scenario (5% and 3.5%, respectively) throughout the entire forecast period.
In 2018, the NBU has launched resilience assessment of banks that includes stress testing a list of banks defined by the NBU.
2.1 Zelenskiy says first task of new administration is ceasefire in Donbas
Ukraine President Volodymyr Zelenskiy believes that "the first task" of the new leadership should be a ceasefire in Donbas.
"I have been often asked: What price are you ready to pay for the ceasefire? It’s a strange question. What price are you ready to pay for the lives of you loved ones? I can assure you that I'm ready to pay any price to stop the deaths of our heroes," Zelenskiy said in his inaugural address on May 20. "I'm definitely not afraid to make difficult decisions and I'm ready to lose my fame, my ratings, and if need be - without any hesitation, my position to bring peace, as long as we do not give up our territories."
Over the past years, Ukraine as well as the so-called Normandy format representatives (Germany, France, Ukraine and Russia) failed to secure any significant progress during talks on settling the conflict, which erupted in 2014 as pro-Russian separatists in East Ukraine broke away from Kyiv's central control. Around 11,000 servicemen, rebels and civilians have so far died.
In 2018, 279 civilian casualties, including 55 dead and 224 wounded, were observed by the United Nations (UN) human rights monitoring mission in Ukraine (HRMMU).
"History is unfair. We are not the ones who have started this war," Zelenskiy added. "But we are the ones who have to finish it. And we are ready for dialogue. I believe that the perfect first step in this dialogue will be the return of all Ukrainian prisoners."
According to the President, Kyiv's next challenge is returning the lost territories. "In all honesty, this wording does not seem entirely correct to me because it is impossible to return what has always been ours. Both Crimea and Donbas have been our Ukrainian land, but the land where we have lost the most important thing - the people."
Zelenskiy believes that Kyiv "have to return their minds - that’s what we have lost". "Over the years, the authorities have not done anything to make them feel Ukrainians and understand that they are not strangers, but they are our people, they are Ukrainians. And even if they are granted 10 different
11 UKRAINE Country Report June 2019 www.intellinews.com