Dmitry Borodai analyst of Phoenix Capital investment company (Kiev, Ukraine), expects the share of problem credits to increase in portfolios of Ukrainian banks from 8.8% in November of 2009, up to 9.5–9.7% in December.
According to him, “some banks prefer to show the actual level of problem credits in 2009 and demonstrate positive profitability in 2010. So, we expect the further increase of theshare of problem credits in December up to 9.5–9.7%. It will be a major factor of increasing losses in the banking system which, by our estimations, will exceed 30 billion grivnas ($5 billion).”
Interfax-Ukraine
