Some 12 second group banks need recapitalization - NBU

09:39, 29.11.2016 1 min read

The top 20 Ukrainian banks have fulfilled obligations on recapitalization, although verification of recapitalization in one of them is still ongoing, while 12 out of the second "twenty" banks need additional capitalization, Deputy Head of the National Bank of Ukraine (NBU) Yekateryna Rozhkova has said.

"Some 12 banks from the second group of banks still need capital increase. According to the agreement with the IMF, the term for achieving the zero level of capital adequacy for this group of banks has been extended by one month –by the end of 2016," she said.

Rozhkova said two banks from the third group, including 21 banks, do not need recapitalization, eight are in need of capitalization to reach the minimum level of charter capital, while 11 banks need recapitalization "for a certain amount."

"The next year will be dedicated to the diagnosis of small banks," she noted.

In addition, NBU Deputy Chairman Roman Borysenko noted from January 1, 2018 Ukrainian banks should switch to international financial reporting standards (IFRS).