Page 45 - UKRRptDec20

8.0​ Financial & capital markets 8.1​ Bank sector overview
Ukraine’s banking sector continues to make good progress in recovering from the hits it has taken this year from external shocks and fundamentally remains healthy​, even if growth remains anaemic.
Bank assets have grown strongly for the last two years and continue to grow, rising from UA1,359,703mn ($48bn) in January 2019 to UAH 1,494,460mn a year later and reaching UAH1,739,726 ($61.5bn) by November this year.
Despite being buffeted by external shocks following the bank sector clean up by former NBU governor Valeriya Gontareva happily the sector remains a lot more robust than it was a few years ago. The sector’s capital adequacy ratio (CAR) is a heathy 21.76% in November and while NLPs remain high at 48.05% of the total loan book some 90% of this bad debt has already been provision for and it doesn't represent a danger to the system.
45​ UKRAINE Country Report​ December 2020 ​ ​www.intellinews.com