Only 9 of 37 Ukrainian banks passed NBU stress tests requested by the IMF

Photo: PHL

The National Bank of Ukraine completed preliminary stress tests of commercial banks upon the request of the International Monetary Fund. The results are quite disappointing: 28 out of 37 financial institutions are failing the tests, according to Dzerkalo Tyzhnya.

The common demand of the banks for the capital exceeds UAH 50 bn, according to some estimates. At that the shareholders neither have such amount of money nor want to invest money in Ukraine.

«Unfortunately, we haven’t had the good news in the past two months. Even if there is financial help from the government or international financial organizations, it won’t come until September. Among the IMF new requirements are the stress tests for the banks and increase of the capital by bank shareholders, who don’t have the money for that,» said the CEO of the Ukrainian Interbank Foreign Exchange Anatoliy Hulei.

Forecast macroeconomic indicators, planned for the review of the banks, are also not quite optimistic.

Meanwhile the number of problem banks continues to increase. The process of approving the decisions on removing the problem banks from the market is deferred, thus undermining clients’ trust.