One of Ukrainian majors, Swedbank, has estimated the stake of troubled loans in its portfolio at 53.46% in accordance with international standards, Swedbank COB Reiner Muller-Hanke told the InvestGazeta. “It stands to mention that those standards envision the inclusion of troubled debts not only of overdue loans but also loans with features of devaluation,” he said. Swedbank decided to toughen approaches to the assessment of paying capacity of clients in late 2009. Last year, Swedbank decided to sell its stake in Kyiv-based European Collection Agency.

Swedbank formed 100% reserves for all loans overdue by over 60 days.

Last year, Swedbank Ukraine reported losing UAH 4.342 bn.