National Bank to stress-test Ukraine’s 25 largest banks in 2018

National Bank to stress-test Ukraine’s 25 largest banks in 2018

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The National Bank of Ukraine is going to stress-test Ukraine’s 25 largest banks in terms of assets and deposits in 2018, the message on the institution’s official website reads, Interfax-Ukraine reports.

Stress-tests will be applied to such banking institutions as Privatbank, Oshadbank, Ukreximbank, Reiffeisen Bank Aval, Alfa-bank, Ukrgazbank, PUMB, UkrSibbank, Sberbank, Ukrsotzbank, OTP Bank, Pivdenny bank, Credit Agricole, Prominvestbank, TAScombank, Procredit bank, Kredobank, VTB, Credit Dnipro, Megabank, Vostok, A-bank, Idea bank, Universal bank, and Investments and Savings bank.

The aforementioned financial institutions are the nation’s largest banks in terms of the size of weighted average assets and deposits of individuals. These banks account for a total of 93% of all assets of Ukraine’s banking sector.
Earlier, the National Bank of Ukraine reported that Ukrainian banking institutions accumulated over $901 million in losses last year. The number of solvent banks operating in the nation shrank from 96 to 82 over the previous year.
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