Largest Ukrainian banks require UAH56bn of capital inflow

Largest Ukrainian banks require UAH56bn of capital inflow



24 вересня 2014 года
ICU

A recent stress-test conducted on the country's largest fifteen banks revealed a worse-than-expected need for capital. According to the official statement, nine of the fifteen banks will jointly require UAH56bn. The cumulative 2Q14 equity of the entire group of the fifteen largest banks was only UAH115.9bn. Shareholders of these banks are expected to present their plans to increase their capital by the end of September 2014. While the exact list of banks is confidential, the Deputy Chairman of NBU has announced the recapitalization of the state Ukreximbank, Oschadbank and Ukrgazbank at the expense of the state budget. The IMF memorandum states that the NBU can purchase up to UAH15bn of government bonds issued for the purpose of bank recapitalizations. While the IMF's suggestion was for the authorities to bailout the largest banks, the NBU currently estimates the nationalization of the commercial banks as possible but not probable. We also expect that the banks with the lowest regulatory capital adequacy ratios (RCAR) will be on the list of banks that will require additional capital. According to the 2Q14 official statistics, Delta Bank had a RCAR of only 10.0%, VTB Bank had 10.2%, Privatbank had 10.9%, Ukrsotsbank had 11.1%, FUIB had 11.3%, and Sberbank had 11.4%.

Источник: ICU

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