Insolvent banks owe over UAH 37 bln to NBU as of June 1 – deposit guarantee fund

The debt of insolvent banks to the National Bank of Ukraine (NBU) as of June 1, 2015 totaled UAH 37.068 billion and has grown by UAH 27.438 billion since early 2015, the Individuals' Deposit Guarantee Fund said in an analytical report, a copy of which has been sent to Interfax-Ukraine.

According to the report, the growth of the debt was linked to the introduction of temporary administration at the following banks: Nadra (the debt to the NBU as of June 1 – UAH 12.687 billion), Delta Bank (UAH 9.325 billion), IMEXBANK (UAH 3.471 billion), Zlatobank (UAH 879 million), bank Kyiv (UAH 782 million), Kyivska Rus (UAH 456 million), Ukrprofbank (UAH 198 million and Ukrkommunbank (UAH 47 million).

A total of 24 insolvent banks with assets of UAH 84.53 billion (taking into account reserves) had debts to the NBU as of early June, while in early 2015 there were 17 insolvent banks with debts to the central bank and UAH 38.668 billion in assets.

The fund said that in April-May 2015, the debt grew by only UAH 155 million, and the share of credit rates of the total sum was almost one tenth.

The fund said that the total cost of collateral of insolvent banks on credits issued by the NBU reached UAH 102.142 billion as of early July, including rights to credits (UAH 75.404 billion), property (UAH 13.389 billion, including own property of banks worth UAH 4.619 billion and property of bailsmen) and securities (UAH 6.476 billion). The fund said that since early 2015 a debt of UAH 279 million was paid, including UAH 118 million by Forum Bank and UAH 155 million by Ukrbusinessbank.

The fund said that it is currently removing 53 banks with the balance cost of assets of UAH 316 billion from the market.