KYIV, April 17 – The development of the secondary market where non-performing loans (NPL) are bought via the creation of a toxic asset management company would allow cutting the share of NPL of banks by 10-15% in one or one and a half years, Director for Risks at Idea Bank Rostyslav Synyshyn has said.

"It should be noted that the establishment of an asset management company (AMC) is a normal global practice. For a full-featured launch of this AMC to manage bad assets, it is important to regulate a number of rules and procedures: for example, days of delay, when and on what conditions the asset are passed to the AMC, protection of commercial banks, an asset valuation and a further business plan. With these conditions, it would be possible to forecast a decrease in the share of bad debts on the balance sheets of banks by 10-15% in one or one and a half years," he wrote in his blog in the NOVOYE Vremia publication.