Oschadbank plans to auction off non-performing loan portfolios starting in autumn 2020

Oschadbank plans to auction off non-performing loan portfolios starting in autumn 2020, reports Interfax Ukraine. In the first half of this year this state bank wrote off $800 million in non performing loans. This reduced the non-performing loans in its credit portolio from 55% of total assets at the start of the year, to 48% today. The bank’s NPL targest are: 37% in 2021; 11% in 2022; 7% in 2023.