National Bank of Ukraine: about 50% of loans in banks are problematic

This is stated on the NBU's Facebook page.

“Ukraine is a world leader in this indicator. Today, the volume of bad loans in Ukrainian banks is about 50%, or 566 billion hryvnia. This is one of the systemic risks for our financial system, ”the regulator’s press service quoted Smoly as saying.

The head of the NBU noted that if the debtors returned the funds, the banks would be able to create the necessary reserves in case of non-repayment of loans and direct this resource to “lending to real business”.

Earlier, Olga Lysaya, senior researcher at the Kiev International Institute of Sociology, said that the level of the shadow economy in Ukraine in 2018 amounted to almost 50% of official GDP.