Six of 20 largest banks have to sign recapitalization program – NBU head
Ten out of the 20 largest banks have signed the program of recapitalization following the results of stress tests conducted by the National Bank of Ukraine (NBU) and another four banks have no need for additional capitalization, NBU Head Valeriya Gontareva has said.
"The first ten banks have signed a recapitalization program for three years," she said at a meeting with the European Business Association (EBA) in Kyiv.
Gontareva clarified that mainly European banks that adequately assess their risks do not need capital increase.
In mid-January the director of the NBU department of banking supervision, Yekateryna Rozhkova, said that four banks had no need for recapitalization, while five banks have already implemented the program of recapitalization.
"Now work with six banks is being actively carried out, three more banks will join them after the approval of the results. The work on two banks is at the final stage," Rozhkova said.
Rozhkova said the task for 2016 includes the testing of 40 more banks, which is to begin in May, as well as the testing of transactions with related parties in the entire banking system.
