Impaired Loans in Ukraine - The Case of Swedbank

Swedbank's latest report gives some interesting stats on its Ukrainian branch (see p37)

http://www.swedbank.com/idc/groups/public/documents/financial/cid_008203.pdf

The number of employees has been decreased from 3870 to 2880, that's (about) minus 1000.

Share of impaired loans (gross), defined as

"Loans where payments are unlikely to be made in accordance with contract terms. Such loans are not considered impaired if there is collateral that covers principal, interest and any late fees by a safe margin. Impaired loans, gross, less specific provisions for loans assessed individually and provisions for homogenous loans assessed collectively constitute impaired loans, net.http://www.swedbank.se/arsredovisningar/2007/en/adrregdef/definitioner.html

reach 54% in 2009 vs 4% in 2008.

For the Russian branch this share is at 18%, for Sweden less than 0.5%.

As far as I can judge, the transparency of this Swedbank report is impressive.