Maintaining the discount rate level is necessary to develop lending and deposit programs. In autumn, against the background of increasing inflation, it will be essential to maintain the discount rate at 13% and the rate for 3-month deposit certificates at 16%, according to finance experts.... #DepositsInterestRate #financeUkraine #KeyPolicyRate #UkraineBankingSector #UkraineEconomy
What awaits bank depositors through the end of the year? Inflation is forecast to be within 5-6% from September to December. Considering current deposit rates, individual depositors can not only protect their funds from depreciation but also receive a 3-4% ... #BankDeposits #Lending #UkraineBankingSector
Piraeus Bank executive in Kyiv: “The country’s best defense is economic growth.” How can the economy be developed during the war? While the financial sector has adjusted to operations under the harsh conditions of the full-scale war and has obtained strong profitability, banks are not lending actively, so they are not driving GD... #IoannisKyriakopoulos #PiraeusBank #UBNconferense #UkraineBankingSector #UkraineBusinessNetwork
Ukrainians have increased bank deposits by 14%; the majority trust the banking system despite turbulence. From February 2023 to February 2024, the volume of funds in consumer bank accounts increased by 14% (by ₴133B) thanks to hryvnia funds, said the top manager of the National Anti-Corruption Bureau of U... #BankDepositsinUkraine #DmytroGlinskyi #financeUkraine #UkraineBankingSector
Credit rating agency Fitch Ratings has assessed Ukraine’s banking sector. Ukraine’s banking sector has demonstrated considerable resilience during the war, aided by supportive monetary policy and lenient regulation, Fitch Ratings notes. “We expect the main lendi... #CreditRatingUkraine #financeUkraine #FitchRatings #UkraineBankingSector #UkraineEconomy
In the third quarter, the banking sector of Ukraine showed a profit of UAH12B. This profit compensated for the losses of the year’s first half, so the financial result for nine months is a net positive UAH 7.4B. The reason for the NBU’s profitability was high operational e... #nbu #UkraineBankingSector #UkraineBanksProfits
Top 5 profitable banks in Ukraine. National Bank of Ukraine announced the most profitable Ukrainian banks in the first seven months of the year. PrivatBank UAH 18.5 bln ($698 mln), Sberbank UAH 3.4 bln ($128 mln), Raiffeisen Bank UAH 3... #UkraineBankingSector #UkraineBanks #UkraineBanksProfits2021
The Rada approved yesterday a banking reform bill seen as a key step to restarting Ukraine’s stalled $5 billion IMF program , Reuters reports. Passed on first reading, the bill strengthens the independence of the central bank and expands its regulatory powers to push out corrupt or incompetent managers or board members of ... #BankingReformBill #BankingReforminUkraine #UkraineBankingSector
