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Ukraine’s big four state-owned banks cut their total non-performing loan portfolio by 22%, or $3.1 billion,

last year, reported the Finance Ministry. This reduced the non performing loan portfolio to UAH 310 billion, or 57.4% of all outstanding loans. To cut into the bad loan mountain, more than 94,000 new lawsuits worth about $1 billion were filed last year. The banks received more than 100,000 court decisions worth about $820 million.

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