Nine banks out of 35 largest Ukrainian banks have finished the additional capitalization programs and restructuring plans after stress tests conducted earlier as of Feb. 1, 2017 and 11 initially did not require additional capitalization, the National Bank of Ukraine (NBU) reported on Feb. 13.
The NBU said that 15 more banks continue implementing the additional capitalization programs, and four banks were removed from the market – Fidobank, Khreshchatyk, Platinum and Fortuna banks.
The central bank said that 12 out of 18 largest banks in the country as of early February 2017 met capital requirements, and eight out of next 17 banks.
Stress tests of the first top twenty banks were conducted as of April 1, 2015, while stress tests for the next banks were conducted as of Jan. 1, 2016.
The central bank said that after stress tests conducted as of April 1, 2016 for the third group consisting of 21 banks ten banks did not require additional capitalization and 11 other banks presented their plans, but they have not completed them.
“Out of 60 top banks where stress tests were conducted 21 banks did not require additional capitalization, nine banks as of early February 2017 implemented the NBU-approved capitalization programs in full, four banks were declared insolvent and 26 banks are implementing their liabilities in line with the schedule,” the regulator said.
