KIEV, Jan. 23 – The total sum of bad credits in Ukraine in 2011 fell by UAH 54 billion or by 18%, to UAH 243 billion, according to a study released by the Credit-Rating agency.

"Last year the share of bad and potentially bad credit debts of banks fell from 36% to 30% of the portfolio of companies, and from 50% to 40% of the portfolio of individuals," the agency said.

According to the study, the active work of banks with bad assets, along with careful credit and investment policies, promoted a reduction in the bad credit level.