Ukraine’s state-owned banks turned a profit of UAH 16.2 billion in January-June, down by UAH 3.4 billion YoY, the Ukrainian Finance Ministry’s press service reported. The profit of public sector banks in the first half of 2020 shrank by 17% (UAH 3.4 billion) primarily due to an increase in spending on the formation of banks’…
The National Bank of Ukraine (NBU) bought $38 million on the interbank foreign exchange market last week, according to the data from the NBU. According to the results of foreign exchange interventions, the National Bank bought $38 million on the interbank foreign exchange market between July 27 and July 31. The bank did not sell…
Checks of creditors of the liquidated ABLV Bank are planned to be completed until the end of next year, whereas the money owed to them is planned to be returned until the end of 2022, the bank’s liquidator Andris Kovalcuks has announced. He said that more than 14,000 of the bank’s former clients had fully…
Ukraine’s solvent banks received UAH 23.8 billion in net profit in the first half of 2020, down by 23% YoY, according to a statement posted on the website of the National Bank of Ukraine (NBU). “In January-June, solvent banks received UAH 23.8 billion in net profit, which was 23% less than in the same period…
Swedbank’s earnings in January-June were EUR 88 million. Compared to the first half of 2019, earnings dropped by EUR 9 million, which could mostly be attributed to increased credit losses. The bank announced that due to restrictions set to alleviate the spread of COVID-19, a drop in consumption and a decrease in pension fund management…
The Deposit Guarantee Fund sold insolvent banks’ assets worth UAH 184.56 million last week, the fund’s press service reported. “Last week (July 6-10) the assets of seven banks, which were in the management of the Fund, were sold for a total sum of UAH 184.56 million,” reads the report. In particular, UAH 146.49 million was…
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…