Financial Institution Fraud
Pavlo I. Odnokoz
One of the recent trends in the Ukrainian banking sector is multi-million sales of non-performing loans (the NPL). The highly anticipated sales, usually with significant discounts, have attracted a lot of interest from investors seeking to acquire such assets to make extra profits. According to the official statistics of the National Bank of Ukraine, the total amount of NPL in the banking system came to USD 9.5 billion as of 1 March 2013, which constitutes approximately 9.3% of all loan portfolios of Ukrainian banks…
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