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 r

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