The NBU approved the terms of reference for assessing the stability of banks
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The National Bank approved the “Technical task for the implementation of the assessment of the stability of banks and the banking system of Ukraine in 2023”. This is stated in the message of the regulator.
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How the assessment will be made
The sustainability assessment initiated by the National Bank will be carried out in three stages:
- assessment of the quality of the bank’s assets (loans of legal entities and individuals);
- extrapolation of results to all credit operations of the bank (if necessary);
- assessment of the characteristics of the bank’s activity according to the base scenario with the determination of the necessary levels of capital adequacy standards.
What does the specification mean
The approved Technical Specification defines the approaches to checking the quality of assets, estimating the value of property received by the bank as collateral, forms of reports and working documents for the implementation of such a check and subsequent stages of stability assessment, rules for forming a sample of loans and (if necessary) extrapolation of the results of the assessment of asset quality to loans , not included in the sample.
Read: NBU begins assessing the stability of the banking system: how many and which banks will be closed
The verification of the valuation of the property provides for obtaining an expert position of the State Property Fund of Ukraine (if necessary), interaction with which will be carried out on the basis of the concluded memorandum.
According to the approved Terms of Reference, by October 1, 2023, the first stage of the assessment will be carried out by conducting unscheduled inspections.
In order to carry out the third stage, this task will be supplemented with a model for evaluating bank indicators based on the basic macroeconomic scenario and the parameters of this scenario.
The technical task for the implementation of the stability assessment was approved by the decision of the Board of the National Bank of Ukraine No. 189-rsh dated May 16, 2023, which entered into force from the moment of adoption.
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Source: Ministry of Finance
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