NBU expects that debt on refinancing credits to fall by UAH 12.8 bln in 2016

The National Bank of Ukraine (NBU) expects that the debt on refinancing credits in 2016 will be paid thanks to sale of assets used as collateral for credits that could be worth UAH 12.8 billion, Director of the risk management department Ihor Budnyk has said.

According to the NBU, expected revenue from sale of property is UAH 1.7 billion, securities – UAH 4 billion and rights to credits – UAH 7.1 billion.

Budnyk said that Delta Bank has the best collateral from the point of quality.

The regulator said that revenues from expected payments on the portfolio of ownership rights of Delta Bank will be UAH 1.8 billion, and from the accumulated payments on the portfolio of ownership rights of Delta Bank – UAH 2.6 billion.

"I think that in April the Individuals' Deposit Guarantee Fund would send the money to us [Delta Bank's ownership rights' portfolio]," he said.

Budnyk said that in 2015 the central bank received UAH 1.1 billion from the sale of collateral, including UAH 630 million from sale of securities, UAH 370 million – ownership rights and credits and UAH 100 million from sale of property.