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
Ukrainian banks need to form additional mandatory reserves of UAH 73B. The National Bank has increased mandatory reserve requirements for banks for funds on demand and funds on current accounts. The NBU informed financial institutions that from February 11, reserve stand... #nbu #UkraineBankreserves #UkrainianBanks
Since the war, the profits of Ukrainian banks have decreased by more than 80%. During January-October, the gains from Ukrainian banks decreased by more than 80%. According to Opendatabot reports, banks earned only UAH 11B last year, this figure was previously UAH 58B. Of the 67 ... #UkraineBanksProfits #UkrainianBanks
Privatbank and Oschadbank are Ukraine’s most profitable banks in 2022. For the 10 full months of the year, Ukraine’s solvent banks generated UAH 7.37B in profit after taxes. State-owned PrivatBank became the most profitable, earning UAH 13.828B, according to data from t... #nbu #OschadbankProfits #PrivatBankProfits #UkrainianBanks
Ukrainian banks’ 2023 profits are only 14% of last year’s. For the first nine months of the year, solvent banks earned UAH 7.4B in net profit, compared to UAH 51.4B for the corresponding period in 2022. The sector’s return on capital was 4.3% compared to 32.1... #nbu #UkraineBanksProfits #UkrainianBanks
More than 20 Ukrainian banks were unprofitable in the second quarter of 2022. Some of the banks that maintained profitability did so as a result of reducing their costs, particularly wages, according to the Review of the Banking Sector for the second quarter. It is noted that t... #UkrainianBanks
Fitch confirms the ratings of Ukrainian state banks. The rating agency Fitch Ratings confirmed the long-term issuer default ratings of seven Ukrainian banks in foreign and national currency at the level of CCC- and CCC, respectively, the agency said. Th... #FitchRatings #UkrainianBanks
All Ukrainian banks will join the PROSTIR national payment system. 100% of Ukraine’s terminals will accept cards from the national PROSTIR card payment system, the NBU reported. This will result from UKRSIBBANK joining the PROSTIR system and configuring all it... #nbu #PROSTIR #UkrainianBanks
In the second quarter, banks’ liquidity and operating profitability increased. According to the National Bank, banks’ net assets increased by 3.3% in the second quarter and came close to their pre-war levels. Net hryvnia corporate loans increased by 5.3%, while foreign cu... #nbu #UkrainianBanks
Foreign purchases of Ukrainian government bonds are returning to their peak levels of late 2019 Foreign purchases of Ukrainian government bonds are returning to their peak levels of late 2019, reported Dragon Capital. Over the last month, foreign purchases totalled $526 million, “close to peak m... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
State-owned PrivatBank was the most profitable bank in Ukraine last year State-owned PrivatBank was the most profitable bank in Ukraine last year, recording $910 million in net profit. The next four most profitable banks were: Raiffeisen Bank Aval – $145 million; sta... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
The net profit of all Ukrainian banks amounted to $1.475 bln last year, or 29% less than 2019 The net profit of all Ukrainian banks amounted to $1.475 bln last year, or 29% less than 2019, reports the National Bank of Ukraine. Out of 73 banks operating in Ukraine last year, 65 were profitable,... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
Kolomoyskiy and Boholyubov, who are both under investigation by the FBI for money laundering, are suing the US Government for attempting to seize their Texas commercial building worth $23 million Kolomoyskiy and Boholyubov, who are both under investigation by the FBI for money laundering, are suing the US Government for attempting to seize their Texas commercial building worth $23 million, RFE... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
Millions of Ukrainians signed up in the first year of the government’s Diya mobile app for digital services. Millions of Ukrainians signed up in the first year of the government’s Diya mobile app for digital services. As a result, the number of partner agencies and companies is expected to increase 10-fold t... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
By the end of next month, Diya users will be able to change their registered places of residence, use electronic signatures, and interact with government for taxes By the end of next month, Diya users will be able to change their registered places of residence, use electronic signatures, and interact with government for taxes, medical records and construction pe... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
This year, five years after the Ukraine-EU free trade agreement went into force, both sides “are ready to start the review of trade liberalization for goods This year, five years after the Ukraine-EU free trade agreement went into force, both sides “are ready to start the review of trade liberalization for goods,” Valdis Dombrovskis, the European Commissi... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
In a blunt resolution approved Wednesday by 526 European Parliament members – three quarters of the total In a blunt resolution approved Wednesday by 526 European Parliament members – three quarters of the total – the Euro Parliament criticizes Ukraine for weak progress on cleaning up the courts, for putt... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
Concorde Capital’s Yuri Svirko writes Concorde Capital’s Yuri Svirko writes: “While the EP resolution will have no immediate effect on the EU-Ukraine relations, including the visa-free travel regime or further trade liberalization, it is ... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
Ukraine’s Ukraine’s Anti-Corruption Prosecutor’s Office, or NABU, is investigating corruption reports surrounding the vaccine, Maksym Hryschusk, acting head of the unit told reporters Wednesday. Separately, a c... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
Before the Euro Parliament vote, Josep Borrell the Commission’s de facto foreign minister, warned: Before the Euro Parliament vote, Josep Borrell the Commission’s de facto foreign minister, warned: “Despite notable progress, widespread corruption continues to hamper Ukraine’s reform process. Its ke... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
Many of the Euro Parliament recommendations coincide with Many of the Euro Parliament recommendations coincide with “10 Steps for Ukraine’s Economic Recovery and Growth in 2021,” a charter released yesterday by the American Chamber of Commerce in Ukraine.... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
To speed up privatization of Ukraine’s 3,500 state companies To speed up privatization of Ukraine’s 3,500 state companies, Mikheil Saakashvili’s Office of Simple Solutions and Results has sent to the Rada a package of bills that would deprive courts of the powe... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
The EU and the WHO The EU and the WHO said yesterday that they will spend €40 million over the next three years to help Ukraine and five other former Soviet republics to roll out vaccinations against Covid-19. WHO Europ... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
With snow forecast for all day today and into tomorrow, trucks are restricted from entering Kyiv City and from moving on many highways in Western Ukraine With snow forecast for all day today and into tomorrow, trucks are restricted from entering Kyiv City and from moving on many highways in Western Ukraine. Ukravtodor is using almost 1,000 snow plows t... #Diya #EUUkrainefreetrade #KolomoyskiySuesUS #NABU #privatbankearnings #PrivatizationinUkraine #SchemswithVaccine #UkrainetodayUkrainenews #UkrainianBanks
