Ukrainian banks have been divided into four groups, instead of two as previously.

The National Bank has adopted the decision on division of banks into four groups as per new criteria, and not into two (as per size of assets), as it is reported on the regulator’s site. 

The corresponding decision has been adopted by the NBU Committee on Banking Regulation and Supervision on December 31, 2015.

In accordance with new criteria, such groups have been envisaged: banks with state participation (in which the State is the holder of more than 75% of capital stock), banks of foreign banking groups (the banks, the owners of capital stock of which are foreign banking institutions), Group I (banks, the shares of which are more than 0.5% of assets of banking system), Group II (banks, the shares of which are not less than 0.5% of assets of banking system).

The group of banks with state participation included seven financial institutions – Oshchadbank, Ukeximbank, Ukrgasbank, Rodovid Bank, Settlement Center, Hoszembank, UBRR.

The group of banks of foreign banking groups included 19 banks – Prominvestbank, Raiffeisen Bank Aval, Sberbank of Russia, Ukrsotsbank, UkrSibbank, VTB Bank, Credit Agricole, OTP Bank, Citibank, ING Bank Ukraine, Credobank, Pravex-Bank, VS Bank, BM BANK, Piraues Bank, Marfin Bank, Credit Europe, Deutsche Bank DBU, SEB Corporate.

The first group of banks included – 13 financial institutions – PrivatBank, Alfa-Bank, PUMB, Bank Pivdennyi, Khreshchatik, Megabank, Credit Dnepr, Procredit, Fidobank, Universal Bank, Platinum Bank, Vostok, Diamant.

The second group of banks included 78 financial institutions.

As Корреспондент.net reports, since December 25 NBU has obligated banks to quarterly submit reports on risk management and risk assessment in the sphere of financial monitoring.