The national Bank of Ukraine begins inspection of credit institutions in the composition of the list of activities with the IMF
The national Bank of Ukraine begins inspection of credit institutions from the top-20 in the expanded IMF programme, informs on the first day of the week, the press service of the regulator.
"under the new IMF programme on the mechanism of the enhanced payment (paragraph 17 of the Memorandum on economic and financial policy) until 1 August 2015 and 1 October 2015 will update the diagnostic examination of the ten largest in terms of assets ten of the following credit institutions, respectively, to determine the additional losses associated with the conflict in the East and the deteriorating economic situation ", - informs on the first day of the week, the press service of the NBU.
in the first phase of implementation of diagnostic surveys, the national Bank will conduct a validation assessment of the quality of active operations, the adequacy of reserves formed and reliability of the carrying value.
The second stage involves stress testing by applying the model of the National Bank of Ukraine. During stress testing, will be determined based capital requirements of credit institutions, due to the deteriorating economic situation. Stress testing will cover the period until the end of 2017.
the outcome of the review and the stress tests will identify the needs for recapitalization, banks will be required to provide plans for capitalization or restructuring. If the results of the survey will identify the separate insolvency of credit institutions, they will be required to provide a positive value of capital before the end of August and end of October 2015 (the first 10 and 10 of the following credit institutions, respectively).
According to the requirements of the Memorandum of economic and financial policies (para. 17) the National Bank will also conduct a risk assessment of the active operations of credit institutions with related parties.