S&P Global Rating (S&P) has assessed the banking system of Ukraine as highest-risk system under its Banking Industry Country Risk Assessment (BICRA), S&P has said in its report. “The economic risk in the Ukrainian banking system remains one of the highest in a global comparison, as reflected in our score of ’10’ (the highest-risk systems),…
Solvent banks in the fourth quarter of 2016 reduced the debt to the National Bank of Ukraine (NBU) on refinancing loans by UAH 5.058 billion, or by 18%, to UAH 22.995 billion, according to the regulator’s website. According to the NBU, the loan principal on January 1, 2017 amounted to UAH 22.57 billion. “Most of…
The National Bank of Ukraine (NBU) in 2017 divided banks into three groups – state-run banks, banks of foreign bank groups and banks with private capital, the NBU has reported on its website. According to NBU Board decision No. 76-sh dated February 10, the state-run banks group includes banks where the state directly or indirectly…
9 banks out of 35 largest Ukrainian banks have finished the additional capitalization programs and restructuring plans after stress tests conducted earlier as of February 1, and 11 initially did not require additional capitalization, the National Bank of Ukraine (NBU) reported. The NBU said that 15 more banks continued implementing the additional capitalization programs, and…
Licenses of 13 exchange offices were revoked in 2016 for the systematic violation of regulations and failure to fulfill the requirements of the National Bank of Kyrgyzstan. In recent years, the number of exchange offices increased in Kyrgyzstan. At the beginning of 2016 there were 394 of them – 65 more than in 2015. In…
The Individuals Deposit Guarantee Fund expects that state-run Oschadbank (Kyiv) would become participant of the fund in the middle of 2018, Managing Director of the fund Kostiantyn Vorushylin said. “We expect that from 2018 Oschadbank will become participant of the fund. It is already planned. This will mean additional payments to the fund,” he said,…
Raiffeisen Bank Aval saw UAH 3.804 billion of profit after taxation in 2016, being the best among Ukrainian banks, the National Bank of Ukraine (NBU) has reported. Citibank saw UAH 1.45 billion of profit and OTP Bank saw UAH 913.76 million, being third. Credit Agricole Bank saw UAH 807.79 million and ING Bank Ukraine –…