The Monetary Policy Committee settled on a discount rate of 11%. The National Bank of Ukraine (NBU) board set a discount rate of 10% on January 20, contrary to the decision of the Monetary Policy Committee the day before, which advised ant 11% rate to stabilize th... #DiscountRateRising #DiscountRateUkraine #nbu
Non-residents are withdrawing from Ukrainian securities due to military tensions. Prime Minister Denis Shmyhal states that due to pressures and escalation from Russia, non-residents are leaving Ukrainian securities. “This escalation of aggression and the special focus on thi... #bondsales #nbu #UkraineSecurities
The NBU sold $759M on the interbank market last week. The National Bank of Ukraine sold $759M on the interbank foreign exchange market last week. According to the results of foreign exchange interventions, from January 24 to 28, 2022, the National Bank s... #foreignexchangemarket #Interbank #nbu
The Ministry of finance sold bonds for UAH 2.8B. At an auction on January 25, the Ministry of Finance sold domestic loan bonds worth UAH 2.846B: 3-month bonds for UAH 2.842B and 1.5-year bonds for only UAH 4M. The Ministry of Finance proposed the p... #BondMarketUkraine #nbu #ukrainebonds #UkraineMinistryOfFinance
The National Bank of Ukraine bought $20M on the interbank market. For the first time since the beginning of the year, the National Bank bought $20M on the interbank market, while the regulator sold $321M during the week of January 17-21. The regulator made the enti... #CurrencyMarket #interbankmarket #nbu
The NBU will establish a specialized financial court. The National Bank of Ukraine (NBU) believes that establishing a specialized financial court is the right way to provide an independent and effective judiciary in financial disputes, said the chairm... #FinancialCourt #nbu #UkraineFinancialCourt
National Bank raises the discount rate to 10%. The Board of the National Bank of Ukraine has decided to increase the key policy rate to 10% per annum. As many of the pro-inflationary risks have materialized, tighter monetary policy is needed to im... #NationalBankofUkraine #nbu #NBUraisedRate
Bankers expect the NBU to raise rates to 9.5%. According to most bankers interviewed by Interfax-Ukraine, on January 20, the National Bank of Ukraine (NBU) might increase the discount rate by 50 basis points (bp) to 9.5% per annum. “Increase... #NationalBankofUkraine #nbu #PrimeRate
The National Bank expands the conditions for foreign exchange transactions. From January 15, the Bank will expand the range of intermediaries with which residents can make payments in foreign currency on the secondary market of IGLBs, non-banking institutions, or investment f... #ForeignExchange #foreignexchangetransactions #NationalBankofUkraine #nbu
The NBU introduces tariffs for BankID participants. From February 1, 2022, the NBU BankID System will introduce tariffs for services provided to subscribers for connection and use. Given this, the introduction of system subscriber tariffs for services ... #BankID #BankIDukraine #NationalBankofUkraine #nbu
Illichivsk plant of reinforced concrete structures is now for sale for UAH 80 M. The National Bank of Ukraine is currently selling the Illichivsk Plant of Reinforced Concrete Structures at UAH 80.2 M ($ 2.9 M). The company sits on a land plot measured at 16.9 hectares with buildin... #Illichivskplant #nbu #privatization
International reserves grew by 6% last year. As of January 1, 2022, Ukraine’s international reserves, according to its preliminary data, amounted to $ 30.9 B. In 2021, they increased by $ 1.8 B, or 6%. The International reserves have incre... #nbu #Ukraineinternationalreserves #UkraineReserves
The NBU will raise the risk of consumer credit to 150%. The National Bank of Ukraine (NBU) will increase the risk weight for unsecured consumer loans from 125% to 150% from January 1, 2022, announced NBU. It is noted that such changes will help banks creat... #nbu #RiskofConsumerCredit #UkraineBanks
In 2021, the NBU increased the net purchase of currency by $1 B. In 2021, the National Bank bought $3.69 B on the interbank foreign exchange market and sold one-third. In the last week of 2021, December 28-31, the regulator bought $ 5 M and sold another $4 M. For c... #NationalBankofUkraine #nbu #UkraineBuysCurrency
NBU raises the key policy rate to 9% per annum. The Board of the National Bank of Ukraine (NBU) has decided to increase the key policy rate to 9% per annum from the current 8.5%, announced the NBU. The decision is aimed at neutralizing the impact o... #NationalBankofUkraine #nbu #PrimeRate #PrimeRateNBU
Potential Russian military aggression lowers the price of Ukrainian assets price and increases inflation risks, said Deputy Head of the National Bank of Ukraine, Sergiy Nikolaychuk. “Today’s decision on the refinancing rate considered several pro-inflationary risks, and in the first place, we highlighted ... #nbu #RussianAgression #ukraineassets
The Ministry of Finance sold government bonds for UAH 16.7 bln. Investors were offered six issues of securities in national currency with yields: 12.85% with repayment on October 30, 2024; 12.64% with repayment on November 1, 2023; 11.79% with repayment on April 1... #Bondmarket #Bonds #nbu #UkraineBondMarket
The National Bank has registered 57 collection companies, reported press service of NBU. As of November 2, National Bank continues to register collection companies. Only companies with an impeccable business reputation, professionally suitable managers, and ... #Collection #CollectionCompaniesUkraine #nbu
Twelve banks will receive portfolio state guarantees of UAH 8.1 billion ($300 mln). The Ministry of Finance has prepared a draft resolution of the Cabinet of Ministers on providing state guarantees on a portfolio basis in 2021. Furthermore, the Law on the State Budget for the current... #NationalBankofUkraine #nbu #StateGuarantees
The National Bank of Ukraine (NBU) announces an increase in financial literacy among Ukrainians. The level of financial literacy of Ukrainians has grown significantly in three years: from 11.6 points in 2018 to 12.3 points this year said the Chairman of the National Bank, Kyrylo Shevchenko. This ... #FiinancialLiteracy #nbu
As of 1 December 2021, the NBU will increase the limits on banks’ open long and short FX positions from 10% to 15% of their regulatory capital. The NBU projects that the higher limits will expand by about $400 mln the banks’ ability to conduct interbank transactions within their FX positions. This will contribute to the banks’ gre... #BankingUkraine #nbu
The National Bank of Ukraine reacted to the fourth consecutive day of growing demand for the US dollar in the Ukrainian interbank foreign exchange market, by curbing the sale of currency at the rate of UAH 26.55. As a result, the sellers put their quotes below the level of the regulator, as buyers rece... #NationalBankofUkraine #nbu #UAHvsDollar
Last week, the National Bank of Ukraine (NBU) purchased a record $858 mln in currency on the interbank market this year. Almost the entire amount of the purchased cash was the currency funds of the state-owned company NEC Ukrenergo, which placed 5-year Eurobonds under gover... #NationalBankofUkraine #nbu #Ukrenergo
The Ministry of Finance has raised the forecast of payments on public debt in 2022 by ₴17.91 bln ($687 mln) to ₴456.4 bln ($17.4 bln). At the same time, the forecast for payments in 2021 was reduced by ₴2.1 bln ($80 mln) to ₴593.89 bln ($22.6 bln), for domestic debt by ₴1.05... #NationalBankofUkraine #nbu #PublicDebt #UkraineDebtRepayment #UkrainePublicDebt
Ukraine’s international reserves resumed growth and increased by 3.3% in October after falling sharply in September 2021 due to public debt payments, reported NBU. As of November 1, reserves amounted to $ 29.65 bln, which is 3.5% more than in September. The increase is ... #nbu #UkraineInternationalReservs #UkraineReserves
The National Bank of Ukraine (NBU) has excluded 55 firms from the State Register of Financial Institutions due to the lack of valid licenses. “The NBU exclusion included 42 financial companies and 13 pawnshops due to the lack of valid licenses,” announced NBU on its website. #NationalBankofUkraine #nbu
The NBU discount rate of 8.5% was supported by 7 members of the NBU committee. Three were in favor of raising it to 9%. The discounted rate was announced on the NBU telegram channel. During the meeting, the committee members noted that the current inflationary development is clo... #DiscountRateUkraine #KeyPolicyRate #nbu
The NBU forecasts an increase in electricity prices by 25% per year. The National Bank forecasts that electricity tariffs will be brought to an economically reasonable level, which will lead to their growth by 20-25%. #Electricity #energyukraine #nbu
Inflation will slow down to single-digit rate of 9.6% by the end of 2021 stated the quarterly Inflation Report of the National Bank of Ukraine. After the peak in the September-October period, the rate of inflation will begin to slow down and at the end of 2021 will be 9.6%... #InflationUkraine #NationalBankofUkraine #nbu
The contribution of the harvest to real GDP growth this year will be 0.8%, according to the National Bank. A harvest plays a significant role in the recovery of Ukraine’s economy after the Covid crisis and the growing importance of agricultural production in Ukraine... #AgriculturecontributiontoGDP #AgroandGDP #GDPukraineandAgro #nbu
The net purchase of foreign currency amounted to $37 mln since the beginning of October 2021. The net purchase of foreign currency by the population of Ukraine was $37 million announced the Chairman of the NBU, Bohdan Danylyshyn. Since the beginning of the ... #ForeignCurrencyPurchase #NationalBankofUkraine #nbu
Last week NBU purchased $ 350 million on the interbank market. The purchase of currency on the interbank market between October 18-23 was valued at $350.1 mln, according to NBU data. The National Bank has not intervened in the sale of currency for seven weeks pri... #NationalBankofUkraine #nbu
Two bills were signed on NBU independence by Verkhovna Rada Chairman Ruslan Stefanchuk. The first Bill No. 5853. The Budget Code of Ukraine to clarify the information provided by the National Bank of Ukraine (NBU) for the preparation of the B... #financeUkraine #nbu #RuslanStefanchuk
The National Bank kept the prime rate at 8.5% . “The decision is consistent with a reduction in inflation to 5% by the end of next year. In accordance with the baseline scenario of the updated macroeconomic forecast”, said the Head of the NBU, Kiri... #NationalBankofUkraine #nbu #NBUprimerate #PrimeRate2021
According to the Chairman of NBU, Kyrylo Shevchenko, the key risks for the Ukrainian economy, are a significant increase in quarantine and a larger than expected inflation surge. The growing incidence of Covid, and the low level of vaccination threaten Ukraine with a severe lockdown. Economic ... #KeyRisksforUkraine #KyryloShevchenko #nbu
The head of the National Bank of Ukraine to be replaced. President Volodymyr Zelensky wants to dismiss the head of the NBU, Kyryl Shevchenko. Andriy Yermak, who is the head of the President’s Office is looking for candidates to replace him. The upcomi... #KyryloShevchenko #nbu
The NBU bought $120 million of currency last week, reported the National Bank of Ukraine. Since the beginning of the year, the NBU has purchased $1.904 bln and sold $197 mln. It has strengthened the official exchange rate of hryvnia against the dollar... #NationalBankofUkraine #nbu
The Board of the National Bank of Ukraine met with G7 Ambassadors and the EU Delegation to Ukraine. In an announcement from the central bank’s press service, the NBU Governor and his deputies briefed the representatives of the international diplomatic community on the progress and results achi... #G7ambassadors #nbu #NBUandG7
Ukraine International Reserves amounted to $ 28.7 bln, reported NBU on October 1st. In September, reserves decreased by 9.2% due to the period of peak payments on external liabilities of the state. The current level covers 4 months of future imports, whic... #NationalBankofUkraine #nbu #NBU2021 #Ukrainereserves2021 #РезервибанкуУкраїни
The net profit of Ukrainian banks was valued at UAH 45.6 bln ($1.7 bln) in January-August 2021, which is UAH 13 bln ($0.48 bln) more than in the same period in 2020. This announcement which was posted by the NBU on its Telegram channel concluded that the 40% in... #NationalBankofUkraine #nbu #UkraineBanks #UkraineBanksProfits
NBU forecasts the key policy rate reduction in the second quarter of 2022. One of the main drivers of such inflation dynamics is the sustained high price level in the global commodity markets. Inflation in Ukraine’s MTPs also remains high, although in August there were signs... #nbu #PrimeRateinUkraine #PrimeRateReduction2022
NBU and the World Bank Framework Program of Cooperation for 2022–2025 have been discussed by Kyrylo Shevchenko and the World Bank Vice President, Anna Bjerde. During the meetings they have identified areas in which the World Bank can support reforms to the Ukrainian eco... #KyryloShevchenko #nbu #worldbank
NBU purchased $159M on the interbank foreign exchange market last week. The National Bank of Ukraine (NBU) purchased $159 million on the interbank foreign exchange market last week, according to the NBU between August 30 and September 3, 2021. The regulator also sold $7 m... #NationalBankofUkraine #nbu
During the upcoming Independence Day holiday, Monday Aug. 23 and Tuesday Aug. 24 are banking holidays , the National Bank of Ukraine announces on Facebook. To compensate for the loss of Aug. 23, Saturday, August 28 is a normal working day. #BankingDayUkraine #NationalBankofUkraine #nbu
Looking ahead, the Bank forecasts: “After peaking in the fall of this year, inflation will begin to slow as the new harvest arrives and global energy prices adjust.” In the second half of 2022, inflation will slow to 5%, the Bank has p... #nbu #NBUinterestrate
Politics also may have influenced the interest rate hike. In one year on the job, Kyrylo Shevchenko, the Governor of the National Bank of Ukraine, has presided over the departure of one third of top officials at the bank. On Tuesday, the Financial Times repo... #KyryloShevchenko #nbu #NBUinterestrate
In the Rada’s latest move to meet IMF requirements, Ukraine’s parliament yesterday approved legislation to strengthen the independence of the central bank and expand its regulatory powers. Government members are not to attend Board meetings of the Nati... #imf #nbu
In the latest turmoil at the central bank, the nine top leaders of the licensing department quit en masse yesterday, charging a lack of transparency and autonomy under the new governor who took over one year ago. “Today, the National Bank of Ukraine has deviated far from these standards,” Oleksandr Bevz, former dire... #NationalBankofUkraine #nbu #NBUManagementshitft
The central bank council decided yesterday not te renew its 5-year contract with Dmytro Sologub, a deputy bank governor, after it expires July 10. Sologub, a stalwart of the post-Maidan banking reform, is responsible for the Monetary Stability unit of the National Bank of Ukraine. This includes monetary policy, statisti... #nbu
With the hryvnia flirting with strengthening above 27 to the dollar, the central bank intervened last week, buying $375 million in foreign exchange. This was almost 10 times the amount bought by the National Bank of Ukraine in the first week of June. On the supply side, high commodity prices – notably iron and grain – are flooding Ukraine with dol... #CurrencyMarket #DollarDemand #Hryvnia #nbu
