Zelenskyy signs a law on the work of the financial sector during the war. The President of Ukraine, Volodymyr Zelenskyy, signed a law that extends the current financial restructuring until January 1, 2028. The document also clarifies the NBU’s right to buy military bo... #financiallaw #nbu #Zelenskyy
Banks predict a drop in loan demand among Ukrainians. Next year, banks expect a reduction in the household credit portfolio, a deterioration in the quality of loans, and a decrease in the amount of funding,according to the results of an NBU survey. Most ... #corporateandretaillending #demandforсredit #nbu
Ukraine will ask for a two-year postponement of Eurobond payments. The Cabinet of Ministers instructed the Ministry of Finance to start negotiations with the holders of Ukraine’s Eurobonds regarding delayed payments. Ukraine will ask bondholders to extend the term of... #nbu #UkraineBond #ukrainedebt #UkraineDebtPayment
Government payments on domestic government bonds have exceeded borrowing. Since the beginning of the war, the volume of funds paid by the Government of Ukraine for repayment of its domestic debt exceeds the volume of funds attracted to the state budget by UAH 21.9B, reporte... #nbu #UkraineBondMarket #ukrainebonds #UkraineDomesticBonds
The NBU has reduced the sale of currency from reserves. From July 11 to 15, the net currency sale by the National Bank of Ukraine amounted to $580.7M. Volumes of weekly intervention by the NBU have not been at levels so low since the beginning of May. In t... #CurrencyMarket #CurrencySale #nbu #UkraineBanking
The NBU has printed another UAH 35B for the government. The National Bank of Ukraine (NBU) bought domestic government bonds from the Ministry of Finance for UAH 35B ($1.1B), reported the state bank. The economy is gradually adapting to the war, and state ... #Bonds #nbu #NBUprintingMoney
Ukrainian IT exports in 2022 have already earned $3.2B. According to the National Bank of Ukraine, in the first five months of 2022, the IT industry brought $3.2B to the Ukrainian economy. According to the IT Ukraine Association, as of June 1, the IT sect... #IT #ITexport #ITukraine #nbu
Ukraine might be given a forbearance for foreign debt payments. The possibility of providing Ukraine with foreign debt payment forbearance is currently being discussed, as announced by the National Bank of Ukraine. Today, the total financial assistance that has b... #Debtforbearance #nbu #ukrainedebt #UkraineNationalDebt
The NBU’s removal of restrictions on the exchange rate has strengthened the hryvnia. The removal of exchange rate restrictions for banks has stabilized the situation in the foreign exchange market and helped strengthen the hryvnia exchange rate, reported the National Bank of Ukraine. ... #exchangerestrictions #foreignexchangemarket #nbu
Ukraine has no problems with the repayment of external debt. Today, the main priority of the Ministry of Finance continues to be ensuring full reinvestment of domestic debt, both in hryvnia and in foreign currency, as stated by Government Commissioner Yuriy Bu... #ExternalDebt #nbu #ukrainedebt #YuriyButsa
The economy is not yet ready to return to the floating Hryvnia exchange rate. Maintaining exchange rate stability under the current conditions is the key to price and financial stability, said the Monetary Policy Committee of the NBU. Experts say that exchange rate stability r... #bankingduringwar #nbu #UkraineMonetaryPolicy
The NBU has printed more money, this time UAH 70B. The National Bank of Ukraine issued another UAH 70B ($2.35B) through the acquisition of military IGLBs, while the government tied the regulator’s rate to the accounting rate, reported the NBU. The re... #Bondmarket #militarybonds #nbu #ukrainebonds
Ukrainian banks no longer need refinancing from the NBU. The cost of refinancing from the National Bank of Ukraine has increased along with the increase of the key policy rate, which makes such an instrument unattractive for banks, reported Financial Club.... #BankRefinancing #nbu #Refinancing #UkraineBanking
The NBU has increased the credit period on export-import operations. The National Bank of Ukraine will increase the credit period on export-import operations from 90 to 120 calendar days, starting June 8. It is noted that the decision to increase the payment deadlines ... #creditperiod #ExportImport #nbu
Ukraine’s international reserves have decreased by 7%. In May, Ukraine’s international reserves fell by 7% – as of June 1 these reserves, according to preliminary data, amounted to $25.1 B, reported the National Bank of Ukraine. In May, rese... #BankingUkraine #BankReservesDuringWar #nbu #UkraineReserves
The National Bank of Ukraine has sold $9B in 2022. After the National Bank’s record sale of a currency on the market last week, the volume decreased slightly and amounted to $826M. Since the beginning of the year, the bank has sold $9.4B. A week... #CurrencyMarket #CurrencySale #nbu
The National Bank of Ukraine raises the key policy rate to 25%. The National Bank decided to increase the rate from 10% to 25%, stated NBU Chairman Kyrylo Shevchenko. He stressed that such an increase in the discount rate is to protect hryvnia income and savings. ... #bankingduringwar #KeyPolicyRate #KyryloShevchenko #nbu #UkraineRateIncrease
The NBU proposes an additional import duty on non-critical categories of imports. The National Bank of Ukraine offers, in addition to the resumption of import taxation, to introduce an additional import duty on non-critical imports, said Deputy Chairman of the NBU Yuri Geletiy. Ac... #bankingduringwar #ImportDuty #nbu #YuriGeletiy
The prolonged war is forcing a change in monetary policy. The need to change monetary policy, which the National Bank of Ukraine raised, is due to the economy’s need to adapt to the protracted war, said a member of the NBU Council, Viktor Kozyuk. “Thre... #monetaryPolicyDuringWar #nbu #ViktorKozyuk #WarinUkraine
The NBU expects inflation of 17% in May and might increase bond rates. The National Bank expects prices to rise by 17% year on year in May and considers it necessary to raise interest rates on government bonds, said the head of the NBU, Kyrylo Shevchenko, on ZN.UA. He n... #KyryloShevchenko #nbu #UkraineInflation2022
The NBU sold a record amount of currency this week. The volume of currency sales by the National Bank of Ukraine in the fourth week of May set a sales record for the period of time since the beginning of the war, $1.43B, reported the NBU. The National ... #currencyexchange #nbu
During the three months of full-scale war, the NBU printed UAH 120B. Ukraine needs $5B a month for the budget to function, and in three months, the National Bank of Ukraine (NBU) has “printed” UAH 120B ($4.1B) for this purpose, reported the Ministry of Fina... #bankingduringwar #nbu #NBUprintedMoney
Ukraine’s international reserves in May stand at $27B. At the beginning of May, the level of international reserves in Ukraine amounted to about $27B. According to Deputy Chairman of the National Bank of Ukraine (NBU) Serhiy Nikolaychuk, Ukraine spends ... #internationalReserves #nbu #UkraineReserves
The Ukrainian banking sector remains profitable. The net operating profit of the banking sector for the four months of 2022 increased by 10%, despite a reduction in this figure in March-April. But due to significant contributions to reserves, the b... #bankingduringwar #nbu #UkraineBanking
Ukrainians are spending $100M per day on hryvnia cards abroad. The daily volume of operations abroad on hryvnia cards issued in Ukraine is about $100M, creating significant pressure on the country’s reserves, said NBU top manager Alexei Lupin. On May 21, ... #BankingUkraine #nbu #UkraineDebitCards
Ukraine might return to import taxation. The National Bank of Ukraine (NBU) supports the return to import taxation, confident that the list of critical imports can be financed, reported Interfax-Ukraine. “At the moment, we believe that... #Import #ImportTaxation #nbu #UkraineImport
The Ministry of Finance has placed UAH 7.45B in military bonds. The Ukraine Ministry of Finance sold UAH 7,5B ($254M) worth of military bonds at an auction on May 17. Short-term 3-month securities attracted UAH 1.3B ($44.3M) to the budget at 9.5% per annum, 6-mon... #militarybonds #nbu #ukrainebonds
The NBU might return to Ukraine’s floating currency exchange rate. The National Bank of Ukraine is considering the return to the floating exchange rate to increase stability in the foreign exchange market, said the head of NBU, Kyrylo Shevchenko. Since the war, the N... #currencyexchange #KyryloShevchenko #nbu
The share of non-performing loans in banks amounts to 27.1%. In April, the share of non-performing loans in the banking sector of Ukraine increased to 27.1% compared to 26.6% in March, reported the National Bank of Ukraine. In March, the volume of non-performi... #nbu #NPL #NPLukraine
Inflation in Ukraine accelerated to 16.4% in April. In April 2022, annual consumer inflation accelerated to 16.4% from 13.7% in March due to the effects of the war, announced the National Bank reports. Monthly, prices have increased by 3.1%. The main f... #Inflation #nbu #UkraineInflation2022 #War #WarIflation #WarinUkraine
New strategic directions for public sector banks during martial law. The Cabinet of Ministers approved the strategic directions of activity for public sector banks during martial law and post-war economic recovery, announced the Ministry of Finance. In particular, the... #BankiingDuringWar #BankingUkraine #nbu #НаціональногобанкуУкраїни
Russians are banned from running Ukrainian financial companies. The National Bank has prohibited citizens or residents of the Russian Federation from participating in managing insurance, financial, and other non-banking institutions in Ukraine. More specifically,... #BanonRussians #nbu #RussianAgression
Ukraine’s international reserves fell by another $1.5B. However, thanks to international assistance, the NBU will be able to maintain reserves at the proper level. “As of the beginning of May, the reserves, according to operational data, amounted to ... #BankingUkraine #KyryloShevchenko #nbu #UkraineReserves
Inflation in Ukraine may exceed 20%. In April, inflation in Ukraine was 15.9%, and by the end of the year, it may exceed 20%, wrote the head of the National Bank, Kyrylo Shevchenko, for NV.ua. “This is a significant level of price... #Inflation #KyryloShevchenko #nbu #UkraineEconomy #UkraineInflation
The National Bank of Ukraine has increased the buyout of military bonds in April. Since April, the National Bank of Ukraine (NBU) has repurchased UAH 50B worth of military bonds. Thus, as of April 28, the portfolio of military bonds owned by the NBU will amount to UAH 70B ($2.2B).... #Bonds #militarybonds #nbu #warbonds
Ukraine’s international reserves amount to $27B. Ukraine’s international reserves as of April 22 amounted to about $27B, and now are at the same level as at the beginning of the war, said the Chairman of the National Bank of Ukraine, Kyrylo S... #internationalReserves #nbu #UkraineReserves
Alfa-Bank Ukraine to transfer their voting rights to Simeon Djankov. Alfa-Bank Ukraine to transfer their voting rights to Simeon Djankov. #AlfaBank #nbu #SimeonDjankov #АльфаБанкуУкраїна
The NBU plans to expand its lending business. In early April, the National Bank appealed to the Cabinet of Ministers to increase business lending. Among the developments: the expansion of the portfolio guarantee program for large agricultural ent... #BankingUkraine #Lending #nbu #NBUlending
The National Bank of Ukraine has again kept the discount rate at 10%. At a scheduled meeting of the Monetary Policy Committee, the National Bank of Ukraine again decided to keep the discount rate at 10%, given the ongoing war with Russia. “It has been decided to p... #KeyRate #nbu
The NBU purchased war bonds worth UAH 20B. The National Bank of Ukraine performed the second government sale of military bonds worth UAH 20 B, reported the NBU. “Today, the National Bank’s portfolio of military IGLBs is UAH 40B,” t... #Bonds #MilitaryBond #nbu #warbonds
The money from the IMF will be spent on budget needs. The National Bank of Ukraine thanked the countries through whose initiatives the International Monetary Fund has created a special account to support Ukraine. The funds will go to the needs of the bud... #imf #imfukraine #nbu #UkraineFund
The NBU reaches an agreement with the National Bank of Poland on $1B currency swap. The National Bank of Ukraine and the National Bank of Poland signed an agreement on a currency swap of the hryvnia / US dollar in the amount of up to $1B. “It is difficult to overestimate the a... #NationalBankofPoland #nbu #PolandBank #UkraineandPoland
The NBU cancels the calculation of the short-term liquidity ratio by banks. The National Bank has abolished the short-term liquidity ratio (H6) for banks due to the end of the transition period for the introduction of the Net Stable Funding Ratio (NSFR). The introduction of ... #BankingUkraine #NationalBankofUkraine #nbu
The financial sector functions despite the war. Since the start of the war, the official exchange rate has been frozen at USD/UAH 29.25 and EUR/UAH 33.17. Exports have mostly halted, while imports were reduced to a government-specified list of cri... #nbu #UkraineEconomy #WarinUkraine
The total international support of Ukraine exceeds $15B. “Ukraine’s public finance system is running smoothly, thanks in large part to more than $15B in funding for defense capabilities and support for Ukraine’s economy and humanitarian issues f... #KyryloShevchenko #nbu #SupportforUkraine #Ukrainewar
The NBU has postponed the review of the discount rate. In the context of Russia’s large-scale armed aggression, the National Bank of Ukraine (NBU) has kept the discount rate at 10% per annum, postponing the decision to revise it until the economic s... #nbu #NBUprimerate #Primerateduringwar #warukraine
The National Bank of Ukraine sold $503M on the interbank foreign exchange market. The NBU sold $503M and purchased $50M on the interbank foreign exchange market last week, according to the NBU. Following foreign exchange interventions, during the week of February 14-18, 2022, the N... #Interbank #nbu
The Ministry of Finance manages to buy out 20% of Ukraine’s GDP warrants in February and reduce payments on Eurobonds in September by $100M. “Due to this, Eurobond redemption payments will be $100M less and will amount to $912M in September,” said Finance Minister Serhiy M... #GDPwarrants #nbu #UKraineGDPwarrants
In 2021, banks issued almost UAH 9B in new mortgages. The National Bank of Ukraine reported that in December 2021 they issued 1,113 mortgage loans totaling UAH 990M ($35.4M). In 2021, banks issued 10,800 mortgage loans totaling UAH 8.9B ($317M). Almost ... #BankingUkraine #MortgagesUkraine #nbu #UkraineBanks
Ukraine’s international reserves fell by 5%. Ukraine’s international reserves decreased by 5%, to $29.3B in January, reported the National Bank of Ukraine (NBU). This results from NBU currency interventions to smooth the excessive fluctuations ... #NationalBankReserves #nbu #NBUreserves2022
