Experts: Banks should speed up sale of non-performing assets (VIDEO)

At least $11 billion in non-performing loans from deadbeat borrowers is still on the books of the country’s state banks, an amount that equals about 20% of the annual state budget.

The share of bad loans in the portfolios of these banks declined from 63.5% to 57.4% in 2020, but the struggle to shed them is far from over. The longer the banks take to sell their unneeded assets, the more their market value decreases, according to experts participating in a Kyiv Post webinar titled “Ukraine’s Mountain of Bad Debt: How to Collect?”