Banks fulfill recapitalization requirements under the 2014 stress test

Banks fulfill recapitalization requirements under the 2014 stress test



2 липня 2015 года
ICU

The NBU announced that the banks that were obliged to raise additional capital in response to the 2014 stress test have successfully achieved the target. Apart from the two insolvent banks, namely Nadra and Delta, the other selected banks replenished their capital. Three state owned banks jointly raised UAH20.9bn over the period - mainly in the form of newly issued government bonds. Affiliates of Russian banks (UAH19.0bn) and European banks (UAH5.4bn) have basically converted loan facilities from the parent groups into equity. The revaluation of the FX-denominated foreign debt has increased the Tier 2 capital of the selected banks by up to UAH16bn. Even though the 2014 stress test was overly optimistic in its assumptions and top-20 banks will face yet another round of stress testing in 2015, completion of the program is a strongly positive sign for the Ukrainian banking system.

Источник: ICU

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