Over the last decade, Ukraine has injected $15.5 billion into newly nationalized banks without improving the quality of corporate supervision, Francis Malige, EBRD Managing Director for Eastern Europe and Caucasus, warns on Facebook. Adequate controls are not in place to prevent more lending to related persons – the core of Ukraine’s banking crisis. About half of bank loans in Ukraine are non performing. Most of these are with the nationalized banks, which were run unprofessionally by private owners.
Over the last decade, Ukraine has injected $15.5 billion into newly nationalized banks without improving the quality of corporate supervision
