In H1 2018, the National Bank of Ukraine (NBU) recovered UAH 1.9 billion of refinancing loans of insolvent banks. The amount comprised funds from selling pledged assets by the Deposit Guarantee Fund (DGF) and other sources.
In particular, the NBU received UAH 858.4 million from selling the property rights. Furthermore, the redemption of domestic government bonds accounted to UAH 434.8 million.
It should be noted that the NBU has approved 10 times more (to UAH 75.4 billion) initial prices on property rights under the pledged loan agreements yoy (UAH 7.9 billion in H1 2017) due to the continued portfolio approval of assets’ sales.
Other sources of repayments under the refinancing loans of insolvent banks included as follows:
- real estate sales accounted for UAH 382.6 million
- mortgage recognition in the NBU’s balance sheet – for UAH 106.8 million
- repayment of debt under loan agreements pledged to the NBU – for UAH 133.6 million.
In H1 2018, the highest price (UAH 308 million) was on the property rights pledged to the NBU by Delta Bank PJSC.
For reference: the NBU recovered UAH 514.7 million of refinancing loans of insolvent bank in H1 2017.
Since January 2017, the collateral pledged to the NBU is to be sold by the DGF via the ProZorro.Sales trading system.