The National Bank of Ukraine (NBU) will change the inspection procedure and evaluation of the bank’s consistency from the new year. Such a decision was adopted by the NBU Board.
In addition to inspection procedure, the National Bank will change the rating system CAMELSO. This will ensure better determination of the shortages of banks leading them to bankruptcy. Thus, the NBU will be capable of quick correction of the shortages stabilizing the financial situation of a bank.
The system CAMELSO shows the true financial status of a bank. It estimates its liquidity, size of the capital, the capacity to react to changes in the market, the efficiency of the management and corporative administration, and transparency of transactions.
The results of the analysis of each component show the rate of a bank within the four- point score. One point will mean that the bank is stable and sustainable according to all indicators, and four points – that a bank is close to failure and needs the NBU aid.
By today, around 100 banks work in Ukraine. 82 banks left the market during five years.