Ukraine set a world record for problem loans

© RIA Novosti / Evgeny to Cotemporary in photomontage protest in front of the National Bank of Ukraine in Kiev. Archival photo.Ukraine set a world record for problem loans© RIA Novosti / Evgeny to Cotemporary the image Bank

The banking system of Ukraine in 2017 and set a world record for problem loans, said the Director of the financial stability Department of the national Bank of the country Vitaly vavrischuk.

«We found unpleasant and expensive for the economy record in Ukraine recorded the highest share of non-performing loans in the entire history of observations of the world», — quotes Vavrischuka Agency «Ukrainian news».

The share of troubled loans reached a peak of 58 percent in July and since then gradually decreased. Currently, the banking system is sufficiently capitalized, said the representative of the national Bank.

In December the international rating Agency Moody’s has published a forecast on the banking sector of Ukraine. Experts believe that the share of problem loans of their total volume would be approximately 45 to 50 percent by the end of next year.

According to RIA Novosti Ukraine, the volume of defaulted loans in the Ukrainian banks has reached a critical level at 56.5 percent. On November 1, the amount of loans with 100% probability of default, amounted to 587 billion.

Only 15.6 percent of these funds needs individuals.