the exercise stress testing of commercial banks" cost of real estate collateral, if its estimate was conducted prior to July 1, 2009, should decline by 25% and adjusted depending on the category of credit.

says the UNIAN letter to the National Bank of Ukraine № 40-511/621-1844, sent by commercial banks.

"mortgage, appraisal /reappraisal which has been implemented for more than six months before the test, ie before 1 July 2009, accepted for the calculation of net credit risk uf0csing a correction coefficient 0,75 to the value defined in the report property valuation, and the corresponding coefficient depending on the category of credit transactions "- the document says.

As UNIAN reported earlier, commercial banks of Ukraine till April 30, 2010 must provide the National Bank of Ukraine and the audit results of stress-testing in 2009. It is foreseen by the decision № 763 of the National Bank of 23 December 2009.

The document indicates that stress testing will conduct the audit of the company, carrying out an audit of annual financial statements of commercial banks. In this regard, the NBU ordered commercial banks to make appropriate changes to the contracts with audit firms.

Under stress-testing, an audit company should assess the adequacy of reserves and the bank"s capital, as well as an assessment of its loan portfolio. Information on credit operations must be provided in several aspects: according to the bank, according to an audit carried out in accordance with the requirements of the National Bank of the audit, taking into account the component of stress testing.