banks

Ukraine: banks’ net profit up in January-September 2019

In the three quarters of 2019 Ukrainian banks received UAH 48.35 billion in net profit compared to UAH 10.9 billion over the same period last year. UAH 27.4 billion – over half of this financial result – accounts for PrivatBank, the press service of the National Bank of Ukraine reports. In general, the bank revenues…

Ukraine: central bank buys $90 million on interbank market on October 21-25, 2019

The National Bank of Ukraine (NBU) bought $90 million on the interbank forex market from October 21 to October 25. This is three times more than during the previous week, the NBU said on its website. The NBU said it did not sell foreign currency last week. As a result of the recent purchases, the…

Ukraine: payments to depositors of insolvent Artem-Bank completed

The Deposit Guarantee Fund has completed payments to the depositors of JSC Artem-Bank, according to the Fund’s press service. “On October 23 the Deposit Guarantee Fund submitted documents for the liquidation of JSC Artem-Bank to the state registrar of legal entities, individual entrepreneurs and public organizations to record the termination of the bank as a…

Ukraine: state banks profit in H1 2019

Profits of Ukraine’s state-owned banks in January-June amounted to UAH 19.5 billion ($775.04 million), which was 65% of the profit of the entire banking sector. The Ministry of Finance of Ukraine said, at the same time, almost 60% of all profits in terms of assets were generated by Ukraine’s largest PrivatBank (UAH 18.3 billion, or…

Ukraine: Deposit Guarantee Fund sells insolvent banks’ assets worth over UAH 167 million

The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 167.42 million, the fund’s press service reported. In particular, UAH 124.20 million was received from the repayment of fund creditors’ claims and UAH 41.83 million from the sale of main banks’ assets. Also, UAH 14.38 thousand was obtained from the direct sale of…