Debt of solvent banks on refinancing loans 18% down in Q4, 2016 - NBU

11:46, 14.02.2017 1 min read

Solvent banks in the fourth quarter of 2016 reduced the debt to the National Bank of Ukraine (NBU) on refinancing loans by UAH 5.058 billion, or 18%, to UAH 22.995 billion, according to the regulator's website.

According to the NBU, the loan principal on January 1, 2017 amounted to UAH 22.57 billion.

"Most of the banks with stabilization credits or loans to maintain liquidity during the fourth quarter reduced their debt to the NBU, one bank repaid it in full, two banks increased," the National Bank said.

In general, over the past year the total debt of solvent banks to the National Bank decreased by UAH 27.9 billion.

The National Bank said since the middle of 2015 it has not been providing bank with stabilization loans and uses exclusively monetary instruments to support liquidity of banks, whose maturity does not exceed three months.