The banking sector of Ukraine is in recession, as the trading platforms remind.

The auction will be held online over the course of electronic auctions, in which the investors from any country will be able to participate.

The overdue loans on behalf of the Individuals’ Deposit Insurance Fund of Ukraine will be sold at U.S. specialized platform First Financial Network and the Debt Exchange, Inc, Correspondent.net reports.

“The package of 52 loans, amounting to 170 million dollars, will be sold at the initial stage”, First Financial Network reported, noting that it also acts on behalf of the National Bank of Ukraine.

According to the message, the package, offered through this platform, consists of the commercial loans, under which the loan liabilities are not being discharged.

The loans from this package are secured by different types of the collateral, including a large operating retail product business, the equipment manufacturing plant, the companies on processing agricultural products, the commercial properties, land and other assets.

FFN specifies that it refers to the sale of this portfolio with one lot, and adds that then larger sales are expected.

The platform reminds that the banking sector of Ukraine is in recession from 2014, more than 90 banks were liquidated, and the total amount of assets, under which the loan liabilities are not being discharged, is appraised within 28-38 billion dollars.

The Debt Exchange, Inc conducts the closed auction, amounting to about 240 million dollars on the loans, obtained from the liquidation of several banks, as said on the site of other platform.

The auctions will be held online over the course of electronic auction, in which all interested investors will be able to participate, irrespective of their location.

IDIF notes that the National Bank is approving the method and the location of sale of assets, which are pledged as collateral.

Previously, the National Bank of Ukraine reminded that it expects that the government will place in 2018 the Eurobonds, amounting to the total amount of two billion dollars.

In this January, the National Bank accused PwC of machinations with PrivatBank’s assets. The company appraised collaterals at the bank much higher than their real value is.

In July, PwC was excluded from the register of firms, entitled to conduct audit of Ukrainian banks.