UkrainianBanks

Wednesday, February 1

Ukrainian banks need to form additional mandatory reserves of UAH 73B.

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...

Tuesday, December 27

Since the war, the profits of Ukrainian banks have decreased by more than 80%.

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 ...

Friday, November 18

Privatbank and Oschadbank are Ukraine’s most profitable banks in 2022.

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...

Tuesday, November 8

Ukrainian banks’ 2023 profits are only 14% of last year’s.

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...

Tuesday, August 30

More than 20 Ukrainian banks were unprofitable in the second quarter of 2022.

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...

Thursday, August 25

Fitch confirms the ratings of Ukrainian state banks.

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...

Thursday, August 18

All Ukrainian banks will join the PROSTIR national payment system.

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...

Wednesday, August 17

In the second quarter, banks’ liquidity and operating profitability increased.

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...

Friday, February 12

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 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...

State-owned PrivatBank was the most profitable bank in Ukraine last year

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...

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 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,...

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 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...

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. 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...

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 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...

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 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...

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 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...

Concorde Capital’s Yuri Svirko writes

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 ...

Ukraine’s

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...

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: 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...

Many of the Euro Parliament recommendations coincide with

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....

To speed up privatization of Ukraine’s 3,500 state companies

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...

The EU and the WHO

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...

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 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...

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