KIEV, Feb. 20 - The banks' non-performing loans (NPLs) in Ukraine remain high at around 40%, with few policy measures so far taken to address them, reads a new Country Partnership Strategy (CPS) for Ukraine covering the period of 2012-2016, which has been posted on the World Bank Web site.

The bank said that volatility in international financial markets raises new risks, given significant outstanding external liabilities and the reliance of the balance of payments on sustained roll-over rates.