Ukrainian central bank to auction distressed banks’ assets

The National Bank of Ukraine
The National Bank of Ukraine
Oksana Parafeniuk

Ukraine’s central bank announced it is starting a further round of auctions of the assets of distressed banks. The Ukrainian central bank has closed down nearly 60 commercial banks since 2015.

The NBU said it had created the auction structure in collaboration with the local subsidiaries of two foreign companies, First Finance and DebtX. The paper value of the assets being auctioned was approximately $410 million, or 11.5 billion Ukrainian hryvnia, the NBU said.

The central bank’s director of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: