KIEV, March 16 – The World Bank supports the idea of setting up a bank for non-performing loans (NPLs) in Ukraine, according to Marius Vismantas, World Bank Financial Sector Coordinator for Ukraine, Belarus, and Moldova.

"We see sense in setting up a bad [loan] bank, or an SPV (Special Purpose Vehicle), or any other legal entity that would handle toxic assets. Personally I see sense in sorting out good from bad… These two directions require very different approaches, and we see the point in dividing bad assets from good banking structures. The same is when we speak about re-capitalized banks (banks that received state support under an additional capitalization program)," he said.