Of Bank: independent auditor confirmed the low quality of the credit portfolio of “PrivatBank”
The independent auditor PJSC CB “PrivatBank” confirmed the low quality of the loan portfolio of the Bank. This is stated on the NBU website. According to the financial statements of enterprises as of 31 December 2016, confirmed by the auditors of EY in 2016 reserve for impairment of loans to legal entities increased by 155.9 billion. Auditors identified the need for the additional reserve should be increased by another 10 billion UAH, which led to the negative value of the […]
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