In 2024, banks in Ukraine earned ₴118B thanks to lending and bonds. From January to September, solvent Ukrainian banks earned ₴118B ($2.8B) in net profit. The NBU explained that the primary income sources were the increase in lending volumes and investment in governme... #BankDeposits #BankLoans #financeUkraine #OVDP #UkraineBanksProfits #UkrainianBanks
The IMF criticizes the 50% tax rate on banks’ profits and advises Ukraine to increase its internal financing sources. The deputy head of the IMF mission in Ukraine, Trevor Lessard, noted that the introduction of a 50% tax on bank profits for the second year in a row contradicts the nature of taxing excess profits, un... #imf #TaxesUkraine #TaxIncrease #TrevorLessard #UkraineBanksProfits #UkrainianBanks
Bankers do not expect a change in the key policy rate by the end of the year, but there are risks. Ukrainian bankers believe that the Board of the NBU will leave the discount rate at the current level of 13% per annum at a meeting on Thursday. “However, a return to tightening monetary policy ... #financeUkraine #KeyPolicyRate #nbu #OTPbank #PravexBank #RaiffeisenBank #UkrainianBanks
The yield on deposits will continue to decline, but commercial lending conditions have softened for the first time since 2021. Ukrainian banks expect a further reduction in deposit rates for both individuals and businesses. A survey on lending conditions showed that in the third quarter, the largest share of respondents since... #BankDeposits #BankLoans #ConsumerLending #financeUkraine #UkrainianBanks
Since the beginning of the year, Ukrainians have increased hryvnia deposits by more than ₴54B. As of October 1, the total amount held in individual deposits (including individual entrepreneurs) in Ukrainian banks amounted to ₴1.3257T. Over the month, it increased by ₴24.7B ($625M), according to... #BankDeposits #financeUkraine #HryvniaDeposits #UkrainianBanks
Banks in Ukraine predict the growth of business lending in Ukraine. Commercial interest rates will no longer decrease, but this will not stop growth in lending, industry representatives shared. In particular, Sense Bank plans for their loan portfolio to grow by 150% t... #LoanPortfolio #LoansforBusiness #PiraeusBank #SenseBank #Taskombank #UkrainianBanks
Ukrainian banks increased their profits by 22%, with one of them accounting for 40% of the total amount. The total profit generated by Ukrainian banks for the first seven months of the year is ₴119.44B, which is 22% more than in the same period last year. Along with earnings, income tax increased by 80% ... #financeUkraine #MTBbank #PrivatBank #UkraineBanksProfits #UkraineEconomy #UkrainianBanks
At the request of the World Bank, Ukraine changed the conditions for the sale of state-owned banks: The state’s share in the sector must decrease. The Parliament of Ukraine adopted a draft law on the peculiarities of the sale of state-owned shares in the authorized capital of banks. The draft law modifies the rules for the sale of state banks, a... #ReformsinUkraine #UkraineStateBanks #UkrainianBanks #worldbank
Over the first half of the year, banks increased their profits by 17%. In the first six months of the year, solvent banks earned ₴79B in net profit, 17% more than the ₴67.6B profit obtained in the same period last year. Only seven small banks out of 62 solvent financial ... #IncomeTaxationUkraine #nbu #OVDP #UkraineBanksProfits #UkrainianBanks
How have Ukrainian bank deposit portfolios and investment returns changed? According to the year’s first half results, as of June the financial institutions with the two largest deposit portfolios were Privatbank (₴490.83B) and Oschadbank (₴201.4B). Also among the lead... #BankDepositsinUkraine #financeUkraine #InterestRate #nbu #oschadbank #PrivatBank #PUMB #UkrainianBanks #UniversalBank
Ukrainians continue to deposit more money into their savings; in the first half of the year, deposits increased by ₴60.2B. According to the Deposit Guarantee Fund for Individuals, as of July 1, 2024, the total amount of deposits of individuals and entrepreneurs in Ukrainian banks reached ₴1,295T, which is ₴28.9B more than... #BankDepositsinUkraine #DepositGuaranteeFund #financeUkraine #UkrainianBanks
Banks invested 25% of assets in OVDP, so the NBU sees no need for further stimulation. The National Bank believes there is no need to stimulate banks to increase investments in domestic government bonds (OVDP). In January 2023, banks introduced the possibility of covering mandatory rese... #financeUkraine #nbu #OVDP #UkraineBond #UkrainianBanks
The largest banks in Ukraine have agreed on preferential lending to restore energy infrastructure; they will finance projects up to €25M. During a banking forum, 17 of Ukraine’s largest banks signed a memorandum on preferential lending for energy infrastructure restoration projects. The memorandum was signed by banks whose net ass... #EnergyRestore #Lending #LoansforBusiness #PiraeusBank #PiraeusBankUkraine #RenewableEnergy #UkraineEnergy #UkrainianBanks
Ukrainians are increasing their bank account deposits, leading to a ₴31.3B increase in five months. Since the beginning of 2024, the increase in consumer deposits amounts to ₴31.3B, the Deposit Guarantee Fund reported. In particular, it is clarified that as of June 1 the total amount of deposits bel... #BankDepositsinUkraine #financeUkraine #HryvniaDeposits #UkrainianBanks
Thanks to OVDP, the return on the Ukrainian banks’ assets increased to 11.6%. According to the National Bank, the return on assets increased by 0.2 percentage points on average over the last year, up to 11.6% in the first quarter of 2024, primarily due to revenues from OVDP ... #CreditPortfolio #nbu #PrivatBank #UkraineBanksProfits #UkraineBond #UkraineDeposits #UkrainianBanks
The deposit yield for businesses and individuals in Ukraine has fallen. According to the Banking Sector Survey for the first quarter, banks reduced deposit rates for both commercial and consumer loans. The national bank notes that since the beginning of the year, the disc... #BankDepositsinUkraine #DiscountRateUkraine #financeUkraine #nbu #UkraineDeposits #UkrainianBanks
Ukrainian banks expect an increase in lending and an increase in portfolio quality. Banks expect an increase in consumer and commercial lending volume over the next 12 months, and for the first time since the end of 2021, they forecast an increase in loan portfolio quality, the NBU r... #ConsumerLending #CreditPortfolio #financeUkraine #Lending #MortgagesUkraine #nbu #UkrainianBanks
Ukrainians have begun to borrow money more actively and increase their deposits, but experts predict a rate decrease. The head of the Finance Committee, Danylo Hetmantsev, commenting on NBU data, notes that lending increased slightly in March but generally stagnated. The balance of hryvnia loans granted to businesses... #BankDepositsinUkraine #CreditPortfolio #DanyloHetmantsev #financeUkraine #KeyPolicyRate #nbu #UkrainianBanks
Energy leads the ranking of the best businesses in Ukraine by turnover. The Opendatabot has published a new rating based on its index, which includes Ukrainian enterprises with the highest turnover and impeccable business reputations. The energy sector was recognized as t... #energyukraine #oschadbank #PrivatBank #PUMB #UkrainianBanks #UkrainianEnterprises #бізнесвУкраїні
Moody’s updated its forecast for the largest Ukrainian banks. International rating agency Moody’s confirmed the long-term and short-term ratings of Privatbank, Oschadbank, Ukreximbank, Raiffeisen Bank, Taskombank, Vostok and Pivdenny banks in hryvnia and f... #financeUkraine #Moodys #oschadbank #PrivatBank #RaiffeisenBank #UkrainianBanks
Bankers predict a decrease in the share of NPLs in 2024. More than a third of loans issued by Ukrainian banks, or 37.4%, have been overdue for more than 90 days. Experts are convinced that in 2024, the share of NPLs in Ukraine’s banking system will decrease... #BankLoans #financeUkraine #GlobusBank #NPL #UkrainianBanks #UNEXbank
Bankers are predicting an increase in the yield of hryvnia deposits in Ukraine. In March, the rates on stock hryvnia deposits, depending on the term of placement of funds, may reach 17% per annum, predicts the top manager of Globus Bank, Dmytro Zamotaev. He specified that until t... #financeUkraine #GlobusBank #HryvniaDeposits #KeyPolicyRate #nbu #UkrainianBanks
Banks’ profit in January increased by 14%, analysts explained why. In January 2024, Ukrainian banks produced ₴16.7B in net profit, ₴2.068B or 14% more than in January 2023. Net profit increased despite the increase in the tax rate: In January 2023, banks paid 18% tax... #financeUkraine #TaxesUkraine #UkraineBanksProfits #UkrainianBanks
Last year, banks in Ukraine earned 100% more than before the beginning of the war and almost completely paid off their refinancing debts. In 2023, Ukrainian banks produced almost ₴160B in pre-tax profit, 100% more than before the start of the full-scale invasion. Banks will have to pay a tax of half their total profit – more than ... #financeUkraine #nbu #TaxesUkraine #UkraineBanksProfits #UkrainianBanks
During the second year of the war, banks increased their profits by 300%. In 2023, solvent Ukrainian banks earned ₴86.5B in net profit. “This is almost four times higher than the figure for 2022 and 12% higher than the results of 2021, before the full-scale invasion,&... #nbu #TaxesUkraine #UkraineBanksProfits #UkrainianBanks
Hungarian OTP Bank is considering the privatization of the Sense Bank. Hungarian group OTP Bank Plc. is interested in buying Sense Bank, which the state nationalized in the summer of 2023. EP sources confirmed that foreign banking groups are interested in privatizing two... #Banksprivatization #DragonCapital #OTPbank #SenseBank #UkrainianBanks #Ukrgasbank
Last year, the amount of mortgage loans issued in Ukraine increased by 400%. In 2023, Ukrainian banks issued 6,114 mortgage loans for a total of ₴9.1B. According to a National Bank survey, the volume of consumer mortgage loans increased almost fivefold in 2023 compared to the ... #eOselya #LoansUkraine #MortgagesUkraine #nbu #UkrainianBanks
Ukrainian banks’ net profit has soared by almost 600%; financial institutions have earned more than ₴130B. According to the results from 11 months of the year, banks’ net profit (after tax) amounted to ₴130.55B. In November alone, this number was ₴7.85B, reported the head of the Committee on Financial Issu... #DanyloHetmantsev #TaxesinUkraine #UkraineBanksProfits #UkrainianBanks
Bankers forecast a 3% decrease in rates for deposits and loans in Ukraine in 2024. Under favorable economic, military, and political conditions in 2024, rates for bank loans and deposits may decrease by an average of 3%, according to the head of Globus Bank, Serhii Mamedov. He assum... #BankDepositsinUkraine #BankLoans #financeUkraine #GlobusBank #SerhiyMamedov #UkrainianBanks
Ukrainian banks increased earnings by 100% compared to the last pre-war year. Through ten months of the year, Ukrainian banks earned ₴122.7B, more than twice as much as in the corresponding period of 2021, when their collective profit was ₴58.35B. State-owned PrivatBank and Osc... #oschadbank #PrivatBank #PUMB #RaiffeisenBank #UkraineBanksProfits #UkrainianBanks
In November, assets of bankrupt banks were sold in Ukraine for ₴49.4M. Last month, Ukraine held 37 auctions to sell the assets of eight banks that were liquidated by the Deposit Guarantee Fund. The winning bids from successful auctions amounted to almost ₴49.4M ($1.35M).... #BankSich #DepositGuaranteeFund #PrivatizationUkraine #UkrainianBanks #Zlatobank
How will interest rates on loans and deposits change because of the increased bank income tax? The increase in the bank profit tax from 18% to 50% in 2023 and 25% in the following years may provoke an increase in loan rates by financial institutions and a decrease in deposit rates to ensure sta... #AndriyDubas #OleksandrPisaruk #TaxesinUkraine #UkraineBanksProfits #UkrainianBanks
Ukrainians’ trust in banks is growing, and here is why. Over the past year, the volume of deposits in Ukrainian banks increased by more than 8.6%, reaching a record ₴1.14T. Ukrainians keep ₴733B of this amount in the national currency and ₴409B in foreign ... #BankDepositsinUkraine #financeUkraine #UkraineBankingSystem #UkrainianBanks
Bank profit tax increased to 50% in 2023 and 25% in subsequent years. The Ukrainian Parliament adopted a draft law on a temporary increase in the bank tax rate from an 18% to 50% tax on profits in 2023 and a permanent increase to 25% in the following years. The draft la... #financeUkraine #nbu #TaxesinUkraine #UkraineBanksProfits #UkrainianBanks
This year, the tax on bank’s excess profits may be increased to 50%. The Ministry of Finance will initiate changes to the draft law that was passed in the first reading regarding the taxation of excess bank profits for additional revenues for the state budget next year... #financeUkraine #nbu #TaxesUkraine #UkraineBanksProfits #UkrainianBanks
Ukrainians are depositing more money: individual deposits increased by ₴5.2B in August. The total amount of consumer deposits (including individual entrepreneurs) in Ukrainian banks in August 2023 increased by ₴5.2B, and on September 1, is ₴1.115T, the Deposit Guarantee Fund reported. Of... #BankDepositsinUkraine #financeUkraine #HryvniaDeposits #UkrainianBanks
In July, Ukrainian banks increased the issuance of mortgages by 14.6%. In particular, 604 mortgage loans for UAH 878.1M were issued in July, the National Bank reported. Compared to June, the volume of loans approved increased by 16.4%, the number – by 14.6%. The ke... #eOselya #MortgageProgram #MortgagesUkraine #UkrainianBanks
The NBU expects to attract an additional UAH 20B from an increased tax on bank profits. The regulator proposes to increase the bank profit tax rate from 18% to 38% for 2023-2024, NBU Chairman Andriy Pyshnyi said. According to him, this tax structure will have a limited impact on macro-fi... #AndriiPyshnyi #nbu #TaxesUkraine #UkraineBanksProfits #UkrainianBanks
Ukraine will start raising taxes on banks first if the IMF requests higher taxes. As of today, the Ministry of Finance does not foresee changes in the tax system anytime soon, and there is no need to talk about tax increases, Minister of Finance Serhiy Marchenko said at the EBA Glo... #financeUkraine #imf #SerhiyMarchenko #TaxesinUkraine #UkrainianBanks
During the first half of the year, Ukrainian banks generated record profits. The National Bank of Ukraine reported that banking organizations earned UAH 67.6B ($1.85B) in six months, the National Bank of Ukraine reported. Net operating profit before deductions to reserves incr... #nbu #UkraineBanksProfits #UkrainianBanks
Ukrainian banks break five-year profitability records. During the first five months of the year Ukrainian banks earned UAH 53.59B, 120% more than the corresponding period in 2021, according to Opendatabot. It is noted that this is the best result in at le... #financeUkraine #nbu #PrivatBank #UkraineBanksProfits #UkrainianBanks
Fitch updated PrivatBank’s rating to CCC-. Fitch Ratings has affirmed Joint-Stock Company Commercial Bank PrivatBank’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at CCC- and Long-Term Local-Currency (LTLC) at CCC. The Viabili... #CreditRatingUkraine #FitchRatings #PrivatBank #UkrainianBanks
Fitch changed the ratings of two Ukrainian state banks. The international rating agency, Fitch Ratings, raised the stability ratings of two state banks of Ukraine – Oschadbank and Ukrgasbank – and confirmed the rating of another state bank R... #FitchRatings #oschadbank #UkrainianBanks #Ukreximbank #Ukrgasbank
The yield on deposits is growing, and loan rates have stabilized. Ukrainian banks continue to compete for clients’ funds, raising deposit rates for both individuals and businesses, the NBU Banking Sector Survey notes. On average, the value of 12-month deposits... #BankDepositsinUkraine #BankLoans #nbu #UkrainianBanks
The IMF requests a stability check for the 20 largest banks in Ukraine. The National Bank has started assessing the strength of 20 banks, the leaders in the aggregate of assets, deposits, and individual loans. These bank’s total amount of net assets is more than 90% of th... #BankingStability #nbu #UkrainianBanks
Last year, the number of bank clients in Ukraine increased by 10%, reaching more than 79 million people. At the same time, the number of institutions decreased from 71 to 67, according to the National Bank of Ukraine. The number of accounts opened by clients increased by 12.8% compared to the previous ye... #BankClientsUkraine #UkrainianBanks
The National Bank of Ukraine will begin diagnostics of banks in April. This year there will be two stages: an asset quality assessment and sustainability of business model analysis, Deputy Head of the NBU Kateryna Rozhkova said. She clarified that the procedure’s p... #KaterynaRozhkova #nbu #UkrainianBanks
Since the war, Ukrainian banks have built up reserves and increased profitability. In 2022 the banking sector accumulated UAH 119B in their collective accounts. This is a 35-fold jump compared to the UAH 3.4B accumulated in 2021, according to data from opendatabot. Only 10% of banks... #BankReserves #UkraineBanksProfits #UkrainianBanks
In Ukraine, almost a third of loans are overdue, but banks are in no hurry to go to court. Due to the war, in 2022 the share of NPLs (loans past due within 90 days) in the Ukrainian banking system increased from 34% to 39%, Opendatabot informs. To resolve an overdue loan situation, banks ha... #OverdueLoans #UkrainianBanks
Ten Ukrainian banks provided 95% of the banking industry’s profits. According to 2022’s results, most banks in the country stood their ground, and some even managed to improve their performance compared to 2021, Opendatabot informs. The total bank profit last year was... #PrivatBank #UkraineBanksProfits #UkrainianBanks
