Page 52 - UKRRptDec20
P. 52
State-owned banks hold the largest share of NPLs with 61.9% of their loan books being bad debt that has barely changed in the last year. Of these state-owned banks by far the largest share is held by PrivatBank where 79.2% of the debt is bad – what the management of the bank calls the “fraud debt” that was created when the bank was owned by oligarch Ihor Kolomoisky before it was nationalised in 2016.
The situation amongst the banks with foreign capital is better (30.7% NPLs) and best of all at the privately owned local banks (16.8%), which are actively retiring their NPLs. If the current trends continue the privately own banks should clear their NPLs within three or four years and the banks with foreign capital maybe a year longer.
NPLs % of loan book
Jun 18
Jun 19
Jun 20
ratio of non-performing loans, %
56.05
51.3
49.62
incl. banks:
with state participation, of which:
71.83
66.03
64.79
PrivatBank
85.07
81.63
79.27
state banks ex-PrivatBank
60.14
52.13
51.05
Foreign owned
42.83
37.4
34.25
Privately owned
25.05
21.68
19.57
Insolvent
58.38
0
0
Source: NBU
52 UKRAINE Country Report December 2020 www.intellinews.com
