Ukraine’s banking sector — now with only about 80 banks after more than half were declared insolvent in the last decade — still has $15 billion in non-performing loans on its books. The process of collecting from bad debtors, liquidating these assets or writing off the losses has been slow. But it’s about to get a boost when the four big state-owned banks — PrivatBank, UkrEximBank, Oschadbank and Ukrgazbank — started unloading their distressed assets this year.
The discussion on March 31, 2021, was part of the Kyiv Post Legal Talks series. This event was sponsored by the Moris Group law firm.
For further reading:
Experts: Banks should speed up the sale of non-performing assets (VIDEO)
Editorial: Bank robbers roam free
Kyiv Post webinar tackles Ukraine’s ‘mountain of bad debt’
Read some of the Kyiv Post’s best coverage of the banking crisis:
Unpunished Bank Fraud – Feb. 14, 2020
Banker Busts – Nov. 22, 2019
Legal Quarterly – Oct. 5, 2018
Unpunished Bank Fraud – June 8, 2017
Legal Quarterly – Dec. 23, 2016
Legal Quarterly – July 1, 2016
Ukraine’s Epic Banking Disaster – July 1, 2016
Kyiv Post Legal Talks webinar “Ukraine’s Mountain Of Bad Debt: How To Collect?” took place on March 31, 2021.
