The NBU has posted the bank-specific findings of the resilience assessment to the Banking Supervision. Resilience Assessment of Ukraine’s Banks page.
Resilience assessments include asset quality reviews (AQRs) for all banks, extrapolation of AQR results if a large number of errors is detected in the assessment of prudential loan loss provisions, and stress tests for the largest banks.
The AQR results required making virtually no adjustments to the assessed prudential provisions. Accordingly, there was no need to extrapolate the results of the first stage. Significant assessment deficiencies were found in only one small bank, later declared insolvent.
This year, the NBU has returned to its pre-war practice of running stress tests under two macroeconomic scenarios: baseline and adverse.The stress testing covered 21 financial institutions jointly making up over 90% of the banking system’s assets. See the bank stress testing approaches released in May 2025.
In 2025, the banks’ total capital was rising under both scenarios, whereas in 2021, the system’s capital as a whole was declining under the adverse scenario, the stress testing showed. Compared to pre-full-scale-war resilience assessments, the number of banks that had higher required capital ratios set for them has decreased.
Specifically, under the baseline macroeconomic scenario, higher required capital ratios were set only for six financial institutions, which together account for 5% of the sector’s assets: Credit Dnipro, Tascombank, VST Bank, A-Bank, Lviv Bank, and Pravex.
Under the adverse scenario, increased required capital ratios were set for nine banks with a combined 18% of sector assets. In addition to the six financial institutions named above, those included state-owned Ukreximbank and Sense Bank and private MTB Bank.
This year, 12 banks have passed stress testing without having higher required capital ratios set for them: state-owned PrivatBank, Oschadbank, and Ukrgasbank, foreign-owned Raiffeisen Bank, Ukrsibbank, Credit Agricole Bank, OTP Bank, ProCredit Bank, and Kredobank, as well as private FUIB, Universal Bank, and Pivdennyi.
All banks that the resilience assessment shows need capital have already been implementing NBU-approved restructuring programs. These primarily contain measures that reduce the banks’ vulnerability to risks and therefore make it possible to lower required capital ratios for them. The programs envisage no recapitalization by owners, but stipulate plans to build up capital through profits.
Based on restructuring program implementation results, the financial institutions should by the end of this year achieve the required capital ratios set under the baseline scenario, and by October 2026 – the ones set under the adverse scenario.