Fall in number of systemic banks linked to fall in crediting in country - NBU
The reduction in the number of systemic banks from seven to three is the consequence of a decline in crediting in the country caused by the deleverage of banks lower than the requirements for systemic banks, acting Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has said.
"Systemic banks are defined on the basis of some indicators, and methods of defining systemic banks were designed two years ago with support of the International Monetary Fund (IMF). We did not restrict their number, and due to the fact that today banks do not almost credit, large outflow of liabilities was seen, and bank balance sheets narrowed. Only three banks today can be considered systemic banks using this method," she told reporters in Kyiv on Monday.
As reported, the NBU has defined PrivatBank (Dnipropetrovsk) and state-run banks Oschadbank and Ukreximbank (both based in Kyiv) as systemic banks in the country.
