State-owned banks reduce number of non-performing loans

Ukraine’s state-owned banks decreased their non-performing loans (NPLs) by Hr 87 billion, or $3.1 billion, in 2020, the Ministry of Finance of Ukraine stated on March 25.

In 2020, the share of bad loans in the portfolios of state-owned banks declined from 63.5% to 57.4%, reaching Hr 310 billion ($11 billion). In total, the share of bad loans in all Ukrainian banks – both private and state-owned – has been reduced from over 48% to 41%.