Finance

Ukreximbank is looking to offload its problematic loan portfolio which is valued at UAH 24 bln ($912 mln)

Friday, October 22, 2021

in an online auction. The first auction with a starting price of UAH 7 bln ($266 mln) will take place on November 3, 2021. Ukreximbank which is state-owned, will start selling non-performing loans (NPL) to corporate borrowers at the OpenMarket online auction. The total amount reaches over NPLs is 24 billion UAH for seven exhibited lots, reported setam.gov.ua

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State-owned enterprises have earned UAH 14.8 bln in the first six months of 2021

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The $700 million tranche of the IMF would be used to finance the state budget deficit.

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