KIEV, Oct. 7 – The largest bank in Ukraine – PrivatBank (Dnipropetrovsk) – has said that the recommendations of the National Bank of Ukraine on the additional capitalization of UAH 8 billion after a stress test is set too high, according to PrivatBank Chairman Oleksandr Dubilet.
"After the stress test NBU gave a recommendation to additionally form a reserve for credits issued to companies by UAH 7.115 billion and credits issued to individuals – by UAH 884.6 million. This means that after the stress test the bank requires an additional capitalization of UAH 8 billion. We don’t agree with this assessment and we're holding consultations with the NBU on the issue," the banker said.
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