On Feb. 13 the National Bank of Ukraine started inspecting assets and capital adequacy ratio of 37 small banks, whose share in the banking system is less than 2%. This process involves two stages lasting until June 1 and to Aug. 1, 2017, as the Deputy Chairman of the National Bank of Ukraine, Kateryna Rozhkova said. According to her words, the diagnostic results will be discussed with banks after the inspection and if necessary, programs increasing a bank capital will be developed.
Over the past two years, the NBU carried out inspections of banks with the largest assets. Thus, from 60 top banks which underwent checking, 21 didn’t need additional capitalization, 9 completely fulfilled obligations to the NBU to increase capital.
However, such banks as “Khreshchatyk”, “Fidobank”, “Platinum Bank” and “Fortuna-bank” were declared bankrupts as a result of the inspection. Currently, 26 banks are going through the process of additional capitalization according to the approved schedule.
It should be recalled, that in 2016, banks were required to ensure basic capital adequacy at 4% rate and regulatory capital adequacy – at 5%. By the end of 2018, they should reach 10% rate.
Source: National Bank of Ukraine