UkraineBanks

Wednesday, May 15

In the first quarter of 2024, Ukrainian banks increased their net profit by 18% from last year. During the first three months of the year, solvent financial institutions showed a ₴40.5B ($1.05B) net profit. “The main factors in profitability growth in annual terms are an increase in intere...

Tuesday, July 19

In May, Ukrainian banks earned UAH 6.1B. The main share of profit, 78% or UAH 4.8B, was earned by the state-owned Privatbank, reported opendatabot. Ukrgasbank also made a small profit of UAH 400M. On the other hand, other state-owned banks c...

Friday, July 15

The net operating profit of Ukrainian banks increased by 30% in 5 months. According to the results from the first five months of the current year, the net operating profit of Ukrainian banks increased by more than 30% year over year, said the Deputy Chairman of the NBU, Yar...

Thursday, March 24

Ukrainian banks earned UAH 9.9B in January-February. In the first two months of 2022, Ukrainian banks received UAH 9.9B ($330M) in net profit which is 53% more than in the same period last year, reported the National Bank of Ukraine. It is noted that ...

Tuesday, February 15

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 ...

Tuesday, January 4

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...

Wednesday, December 29

The net profit of Ukrainian banks has grown by 50%. During the first ten months of 2021, the net profit of the banking sector reached UAH 58.4 bln ($2.15 bln). This is almost 50% more than in the corresponding period of 2020. Privately held bank FUIB e...

Wednesday, December 8

The state-owned banks received 7.6% more profit. In the third quarter of this year, state-owned banks earned UAH 11.6 bln ($426 mln), 7.6% more than in the previous quarter. 82.9% (UAH 9.6 bln) was attributed to the profit of PrivatBank. As the Mini...

Wednesday, November 24

Banks in Ukraine have increased their profits by 47%. In January-October 2021, banks earned UAH 58.4 bln ($2.19 bln) in net profit against UAH 39.8 bln ($1.5 bln) in the same period last year. Banks’ revenues for 10 months of 2021 increased by 4% y...

Friday, November 19

Depositors of insolvent banks received almost UAH 50 million in returned funds in October. For 10 months of 2021, the Deposit Guarantee Fund of Individuals paid UAH 816.2 mln ($31 mln) in guaranteed compensation to depositors of insolvent banks, of which UAH 49.8 mln ($1.9 mln) in October 2...

Thursday, November 4

The Ukrainian government to reduce its ownership of banks by 25%, announced the Ministry of Finance. The main goal is to reduce the share of the state in the banking sector to below 25% in 2025. The partnership with IFC and the transformation processes carried out b...

Thursday, October 7

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...

Wednesday, September 22

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...

Tuesday, September 14

Ukrainian Banks have issued UAH 690 million mortgages at 7%. As of September 13, banks have concluded 811 loan agreements valued at UAH 689.62 million within the framework of the state program “Affordable Mortgage 7%”. According to the Ministry of F...

Monday, August 2

Banks have issued $2 billion worth of loans to 20,000 businesses in the first 18 months of the ‘Affordable Loans 5-7-9%’ program, Prime Minister Shmygal writes on Facebook. Loans up to $112,000 are extended to businesses with revenues under $3.7 million.

Wednesday, January 20

Ambassador Omelchenko said he hopes there will be a second Alstom contract Ambassador Omelchenko said he hopes there will be a second Alstom contract — for building high speed train tracks between Kyiv and Lviv, and between Kyiv and Odesa. In addition, France and Ukrai...

France’s Accor hotel group plans to open a second Ibis hotel in Lviv this year. France’s Accor hotel group plans to open a second Ibis hotel in Lviv this year. The fourth Ibis for Ukraine, the new hotel is in rebuilt structure at Ivana Franka Street 23a, a 10-minute walk from Ryn...

Almost $1 billion investment is going this year into the government-controlled portions of Donetsk and Luhansk, Almost $1 billion investment is going this year into the government-controlled portions of Donetsk and Luhansk, Oleksii Reznikov, deputy Prime Minister for Reintegration of the Temporarily Occupied Te...

Private business investment will be attracted, Private business investment will be attracted, Resnikov writes, through “a range of incentives including tax and customs preferences, insurance against military and political risks, and international ...

After starting daily train service last month between Kyiv and the frontline city of Avdiivka in Donetsk region, Ukrzaliznytsia now plans to extend train service to within several hundred meters of Crimea’s two main Crimea checkpoints After starting daily train service last month between Kyiv and the frontline city of Avdiivka in Donetsk region, Ukrzaliznytsia now plans to extend train service to within several hundred meters of Cr...

Bank profits fell by 27% through November to $1.5 billion, Bank profits fell by 27% through November to $1.5 billion, reports the National Bank of Ukraine. Of Ukraine’s 73 banks, 11 reported losses and 62 reported profits. The leader was state-owned PrivatBan...

As Ukraine’s banks moved to remote work and on line services last year, they permanently closed 11% of their branches, As Ukraine’s banks moved to remote work and on line services last year, they permanently closed 11% of their branches, reports the National Bank of Ukraine. Oschadbank, owner of the largest branch net...

Ukraine’s Central Bank will keep its prime interest rate at 6% Ukraine’s Central Bank will keep its prime interest rate at 6% to continue supporting an economy struggling out of recession, 14 out of 16 analysts predict in a Reuters poll. Tomorrow, the National Ba...

Ukrainian businesses predict that 2021 will see 7.9% inflation and the hryvnia weakening by 5% to UAH 29.68 / $1 Ukrainian businesses predict that 2021 will see 7.9% inflation and the hryvnia weakening by 5% to UAH 29.68 / $1. This are the consensus forecasts made by 693 business executives interviewed by the Na...

Highlights: Highlights:

On the eve of payments of UAH 12 billion on previously issued government bonds, the Finance Ministry raised UAH 12.33 billion, or $438.4 million On the eve of payments of UAH 12 billion on previously issued government bonds, the Finance Ministry raised UAH 12.33 billion, or $438.4 million, at yesterday’s weekly auction. To raise the bulk of th...

State security guards yesterday blocked State security guards yesterday blocked Oleksandr Tupytskyi, chairman of the Constitutional Court, from entering the Court’s imposing courthouse at 14 Zhylianska St, Kyiv. Last fall, Tupytskyi started...

The cost of shipping a container from China to Northern Europe has quadrupled since November The cost of shipping a container from China to Northern Europe has quadrupled since November, hitting $9,000 and higher today, reports Interfax-Ukraine. While shipping costs are expected to recede, to...

French President Emmanuel Macron is to visit Ukraine this spring to sign a contract for Ukrzaliznytsia’s purchase of Alstom electric locomotives French President Emmanuel Macron is to visit Ukraine this spring to sign a contract for Ukrzaliznytsia’s purchase of Alstom electric locomotives, Vadym Omelchenko, Ukraine’s Ambassador to France, said...