The Ukrainian banking sector has successfully weathered the first wave of the coronavirus crisis, but banks must be prepared for the negative medium-term consequences, according to the National Bank of Ukraine (NBU). “The Ukrainian banking sector faced the coronavirus pandemic crisis in good shape and with sufficient safety margin. The new crisis has not caused…
PrivatBank (Kyiv) has issued the first refinancing loan under the Affordable Loans 5-7-9% program at 0% per annum until the end of March 2021, the Ministry of Economic Development, Trade and Agriculture has said on its website. “Under the Affordable loans 5-7-9% updated program, state-owned PrivatBank refinanced a loan to an entrepreneur in the amount…
Ukrainian banks have already opened 89% of their branches, although their share was 75% at the beginning of May, the press service of the National Bank of Ukraine (NBU) reported on Facebook. “Banks, along with the whole country, are gradually returning to normal life. The banking infrastructure is resuming its activity, more bank branches are…
Operating banks in Ukraine in January-April posted UAH 25.208 billion, or $938.1 million, in profit, up by 39% YoY. The banks’ revenue increased by 16.8%, to UAH 90.004 billion ($3.3 billion), and expenses grew by 9.9%, to UAH 64.796 billion ($2.4 billion), the National Bank of Ukraine said on its website. Data per bank is…
The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 410 million, the fund’s press service reported. “Last week (May 18-22) the assets of eight banks, which were in the management of the Fund, were sold for a total sum of UAH 410.01 million,” reads the report. In particular, UAH 205.20 million was…
Net profit of 15 commercial banks of Georgia amounted to 80.29 million lari ($25.1 million) in April, up by 16.10 million lari ($5.04 million) YoY, the National Bank of Georgia (NBG) reported. Revenues received by commercial banks from fines / penalties amounted to 308,000 lari ($96,515); the net profit / loss from conversion operations, i.e.…
The Cabinet of Ministers has approved the annual report of JSC CB PrivatBank for 2019, according to Prime Minister Denys Shmyhal. “We have approved the annual report of PrivatBank for 2019: 75% of net profit totaling UAH 24.4 billion. Another 5% of the bank’s net profit totaling UAH 1.6 billion will be sent to the…