Bad debtors register is established in Ukraine
15.03.2010
National Bank of Ukraine organized special register of bad debtors which consolidated 80% of banks’ bad loans. The main reason of such step was to provide psychological pressing at the bad debtors. Initiators of the project think that any debtor will consider risks to loose possibility to take loans in any bank before delay payments. In other hand this register collects info from banks only and the most probably it collects info about the worst and largest debtors only. So a lot of experts think efficiency of that register is low for now but it may be good instrument of risk management in the future. In addition some market players think that this register will cause competition with credit bureaus. However credit bureaus seem to be ok with that. They tell that register collect very small info and do not provide credit history, so they expect there will be no competition. There is no public access as well as listing of bad commercial debts in such a register so we consider that probably it will be not very effective instrument of fight with bad debts and bad debtors in Ukraine.
