NBU provides refinancing for three banks.

 On September 3, 2021, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of three banks for a total sum of UAH 535.0 million at an interest rate of 9.00% per were met. The NBU is gradually phasing out anti-crisis measures to support banks: long-term refinancing and interest rate swaps. From July 1 the terms for long-term refinancing loans are be limited from five to three years. The volume of auctions

PrivatBank earned $435 million in net profit during the first half of this year, making it Ukraine’s most profitable bank

, reports the National Bank of Ukraine. The next most profitable banks were: Raiffeisen Bank – $86 million; Sberbank – $79 million; FUIB – $74 million; and Universal Bank – $60 million. H1 net profits for the  three other big state banks were: Ukreximbank – $41 million; Ukrgasbank – $27 million; and Oschadbank – $19 million. The most unprofitable bank was Pravex, which lost $3.4 million.

The closing of 2/3 of Ukraine’s banks since 2014 affected 7.7 million Ukrainians – about one third of the adult population,

Eduard Bagirov, chairman of International League for the Protection of Citizens’ Rights, said Friday at a press conference at Ukrinform. The banking crisis engendered a distrust of banks, which can be seen in Kyiv’s skyline today. Rather than putting money in bank accounts, Ukrainians prefer to put their money in bricks and mortar – new apartments.

Lyubchenko said he wants banks to move from buying government debt to lending to manufacturers.

 He said he favors an innovation economy and stress on producing at home rather than importing. “The law enforcement function should leave the economy,” said Lyubchenko, who served for the last year as head of the State Tax Service. “The law enforcement function should be focused on the use of budget funds, not on the sphere of production.”

PrivatBank, Ukraine’s largest bank, will put up for sale ‘soon,’

announced Kyrylo Shevchenko, the Governor of the National Bank of Ukraine, (GlobalCapital). “The privatization of PrivatBank, which owns 20% of the Ukrainian banking market, will be of interest to the most prestigious international investors, including those from the United States and the European Union,” he said. The December 2016 nationalization of the bank prompted its previous owner, Ihor Kolomoisky, to launch 100 lawsuits. The Central Bank Governor said that he hoped that “the lawsuits will be resolved” by the end