The IMF requests a stability check for the 20 largest banks in Ukraine.

The National Bank has started assessing the strength of 20 banks, the leaders in the aggregate of assets, deposits, and individual loans. These bank’s total amount of net assets is more than 90% of the Ukrainian banking system’s assets.

The sustainability assessment will be carried out in three stages. The first will include evaluating the assets’ quality and the collateral’s acceptability for credit transactions. The second stage involves extrapolating the assessment results of the assets’ quality and the collateral’s acceptability to the bank’s credit operations. The third is an assessment of the bank’s activity indicators according to the base scenario and determination of the necessary levels of capital adequacy standards.

The NBU will check PrivatBank, Oschadbank, Raiffeisen Bank, Sens Bank, Universal Bank, PUMB, Ukreximbank, Ukrgasbank, OTP Bank, Ukrsibbank, Credit Agricole Bank, and a few others.