Expert: NBU data on troubled assets of banks do not reflect the real picture

Data NBU on troubled assets of Ukrainian banks at 15% does not fully reflect the real picture, experts say one of the largest Ukrainian collection companies Credit Collection Group. According to Director of Business Development and Quality Standards Credit Collection Group Ashot Harutyunyan's safe to say overstated or understated, these data, there is no way. "It's hard to say, overstated or understated the NBU data, because the NBU, as the state regulator, simply cites his statistics. It must be remembered that the banks submit to the National Bank accounts, which, by default, the maximum corresponds to the mandatory requirements of the regulator. Cases when their own data management accounting financial institution may differ from those statements filed by the NBU, at least for the reason that different assets in terms of shareholders, investors and the regulator have a different value. No need to just forget about that part of the bad debts successfully bred by banks in financial companies, accountable to the HFC, and not NBU. Certainly, one can positively evaluate the fact that the NBU has openly stated about the need to liberalize the market for distressed assets. This is really what is needed as buyers or sellers of debt and the debtors themselves, "- he said. Recall that in mid-April, the deputy head of the National Bank of Ukraine Igor Sorkin, estimate the volume of distressed assets at 15%. "Today adversely classified 15% of assets. Of course, banks are scared. This is one reason why they are wary of lending, "- he said. Source: LB.ua