NPLs still causing trouble for Ukrainian banks
The Ukrainian banking system must overhaul the way it deals with non-performing loans to achieve full recovery, according to a new report by local rating agency Credit-Rating and sponsored by the International Finance Corporation.
The sporadic nature of sales of corporate NPLs mean that credit problems mostly remain on the banks balance sheets and new lending cannot restart. The report estimates that NPLs represent on average about 35% of banks credit portfolios.
The Ukrainian banking sector does not have a consistent method of
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