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04-03-2010 14:37 Fitch notes increase in share of bad loans
Fitch Ratings reveal that the share of impaired loans in Ukrainian banks rose from 34% to 50% in July-December 2009, the agency said in a statement.
"Based on management disclosure by Fitch-rated banks, asset quality deterioration continued in H209, with impaired loans, including non-performing (NPLs, 90 days overdue) and restructured exposures, reaching an average of 50% at year-end, up from 34% at end-H109," reads the statement. Fitch also said that the increase in NPLs had been reasonably moderate during H209, up to 15% from 11% at end-H109, but restructured/extended loans had risen more sharply, to 35% from 23%. In February 2010, Fitch estimated the required capitalization of Ukrainian banks at UAH 92 billion (UAH 7.98 / USD 1).
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