KIEV, Nov. 16 – Over half of the banks inspected by the National Bank of Ukraine violate restrictions on transactions with affiliated persons.

"The regulator inspected these transactions at 58 banks as of November 1, 2016. The study showed that 27 banks carry out transactions with affiliated person observing the regulator's requirements," the NBU said.

The NBU in October 2016 tested active transactions with affiliated persons at 14 banks: the central bank seeks to finish the inspection of all banks by the end of 2016.