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Banking
August 26, 2009
Ukrainian banks – The calm before the next storm?
The end of spring and the summer have brought some respite for the Ukrainian banking system. A number of positive factors, including currency exchange rate stabilization, drying up of the deposits outflow and recovery of the banking system’s liquidity decreased our worries about the sector’s future.
Banking
August 17, 2009
Ukrainian banks – The calm before the next storm?
The end of spring and the summer have brought some respite for the Ukrainian banking system. A number of positive factors, including currency exchange rate stabilization, drying up of the deposits outflow and recovery of the banking system’s liquidity decreased our worries about the sector’s future.
Banking
June 25, 2009
Parliament prohibits FX lending and accepts restructuring rules
On 23, June Ukrainian Parliament has passed a bill #3585 which main official aim is to “overcome the consequences of financial crisis” how it is written in the name of draft. This document regulates some issues of debt restructuring procedure, restricts foreign currency lending and preliminary external debt repayments. The law was passed by the overwhelming majority of parliament and main disputable issues were solved in compromise way, therefore we anticipate that President will sign this law soon. The final version of bill that was passed still hasn’t been officially published, therefore in our analysis we rely on information available from open sources such as news postings, newspapers, authorities’ interviews and latest available versions of draft.
Banking
December 22, 2008
Ukrainian hryvnia – how to stop devaluation?
The instability regarding currency exchange has become the main theme in Ukrainian life these days. Severe UAH devaluation has cast doubt on the ability of some Ukrainian companies to meet their FX obligations, as well as the ability of retail loan borrowers to repay their FX debts. Ukraine’s President Viktor Yuschenko, NBU Chairman of the Board Volodymyr Stelmakh and Ukraine’s Finance Minister Viktor Pynzenyk have made a series of important declarations about their intentions and further actions regarding the stabilization of the situation in the banking sector and the FX market. As well, Prime Minister Yulia Tymoshenko has said that she wants the President to resign the NBU’s Chairman of the Board, the respective draft legislation for which has already been registered in the Parliament. We would like to provide our view about the latest declarations made by authorities.
Banking
October 12, 2007
Megabank: Five Good Reasons
Megabank [MEGA] is a mid-size, Kharkiv-based bank, and is moving towards becoming one of Ukraine’s top 20 banks. Notably, it combines considerable growth with a high quality loan portfolio and a low cost-to-income ratio. MEGA is also a very transparent, and works with World bank, EBRD, and the IFC on a number of corporate governance and lending programs. Megabank should significantly benefit from the growing Ukrainian middle class: 40% of its retail business is represented by car loans, which, in turn, have one of the highest levels middle class penetration levels – 23%. When combined with mortgage-secured consumer loans, car lending should enable MEGA to achieve a true breakthrough in retail.


Daily monitor

Banking
January 28, 2011
Net loss of Ukrainian banks in 2010 amounted to UAH 13 bln

According to the NBU, in 2010 the net loss of Ukrainian banks amounted to UAH 13.2 bln. Revenues of banks amounted to UAH 136.85 bln, charges – 149.87 billion USD.

Banking
December 21, 2010
Ukrainian Banks posted USD 1.2 bln of net loss

Net loss of Ukrainian banking system in 11M10 amounted to USD 1.2 bln, which is 66% lower than in 11M09.

Banking
December 13, 2010
Assets of Ukrainian banks grew to USD 118.8 bln

Assets of Ukrainian banks increase in 11M10 by 7.3% to USD 118.8 bln. Clients’ accounts added 1.6% in November.

Banking
November 11, 2010
Ukrainian banking system assets grow to UAH 1.08 bln in October

Total assets of Ukrainian banks increased by 1.3% in October to UAH 1077.6 bln. At the same time, banking system liabilities rose 1.4% to UAH 795.4 bln.

Banking
October 26, 2010
Ukrsotsbank posts net income of USD 0.74 mln in 3Q10

In 3Q10, Ukrsotsbank posted a net income of USD 0.74 mln. 9M10. The bank finished with USD 3 mln.







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