Oschadbank meets capital adequacy requirements after stress tests
State-owned Oschadbank (Kyiv) meets the capital adequacy requirements after stress tests conducted as part of diagnostics of the largest 20 banks of the country by the National Bank of Ukraine (NBU), the bank has reported.
“According to the recent data submitted to the NBU of January 11, 2016, Oschadbank’s capital adequacy meets the requirements of the stress test,” the bank said.
The bank said that the quality of its credit portfolio continues worsening, which results in the increase of reserves for possible losses on credits issued.
Additionally, due to the continuous worsening of the internal economic conditions and crisis in eastern Ukraine the bank anticipates the further worsening of its credit portfolio.
The bank said that it is looking for ways of improving the quality of the credit portfolio and the possibility of discussing the mutually beneficial conditions for servicing debts and payment schedules with borrowers.
Oschadbank was founded in 1991. It is wholly owned by the state.
Oschadbank ranked second among 123 operating banks in the country on October 1, 2015 by total assets (UAH 156.596 billion), according to the National Bank of Ukraine (NBU).