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Insolvent banks' total debt to NBU reached UAH 55.55 bln

Insolvent banks' total debt to NBU reached UAH 55.55 blnTotal debt of insolvent banks on refinancing credits issued by the National Bank of Ukraine (NBU) as of March 1, 2016 reached UAH 55.55 billion (including interest). This is 8.8% up month-over-month, the NBU reported on its website.

The central bank said that debt increase is linked to declaring of Rodovid Bank insolvent on February 25, 2016.

Net debt of insolvent banks totaled UAH 48.75 billion and interest accrued – UAH 6.8 billion.

The NBU also published a list of collaterals in the form of property and property rights on credits issued to legal entities (excluding the portfolio of bank Nadra and Delta Bank).

Read also: Losses of Ukrainian banks amounted to UAH 2 bln in February

Payments on refinancing credits issued to now insolvent banks in 2015 amounted to UAH 1.1 billion.

The NBU in 2016 plans to increase payments on refinancing credits issued to now insolvent banks to UAH 12.8 billion.
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