NBU has threatened to recognize the 12 banks insolvent

НБУ пригрозил признать 12 банков неплатежеспособными

NBU strictly monitors the condition of banks

The financial institutions have three days to reach the positive equity.

The national Bank of Ukraine warned of the 12 banks of the second twenty largest Ukrainian financial institutions about the necessity to 1 January 2017 to reach a positive value of capital adequacy ratio.

“The second twenty banks in terms of assets to achieve positive values of capital adequacy until January 1, 2017. Banks that do not ensure positive values of capital adequacy as of 1 January 2017, will be recognized as insolvent”, – stated in the message on the website of the regulator.

The NBU also said that the diagnostic results of asset quality and capital adequacy of banks of the second twenty, only seven met the requirement of capital adequacy, 12 provided the program of recapitalization and Bank “St. Michael, was declared insolvent.

All other banks the NBU is going to check by the end of September 2017.

As reported Корреспондент.netas of December 1, 2016, in Ukraine there were 98 banks licensed to conduct banking activities.

It was also reported that banks remained without work 35 thousand people in the mass elimination of financial institutions from the market at the initiative of the NBU.