Banks for three months lost eight billion

Банки за три месяца потеряли восемь миллиардов

Losses of existing banks are reduced. stated in the NBU

Compared with the previous year, losses of Ukrainian banks has decreased by almost half.

Loss of Ukrainian banks in the first quarter of 2016 have dropped by almost half compared with the same period last year, to 8 billion, according to the national Bank.

According to him, the income of banks for the first quarter decreased by 28.9% to 42,8 billion UAH, expenses – by 33.1% to 50.8 billion USD.

“The reduction in revenues for the first quarter of the current year compared to the same period last year due to the receipt by banks of loss from trading operations (due to the loss from the trading of foreign currency and Bank metals) – to UAH 3.8 bn (as at 1 April 2015 profit of 11.3 billion USD) and the decrease in interest income by 1.1 billion UAH”, – says the Central Bank.

As noted by the NBU, the share of losses in the first quarter of 2016 was formed in March (UAH 6.1 billion), due to considerable deductions in reserves (10.2 bn; in February – 0,1 billion UAH, in January – UAH 1.2 bn). While net fee and Commission income of banks for March amounted to $ 2.2 bn compared to UAH 1.8 bn in February, net interest income – UAH 3.4 billion (in February – UAH 3.6 billion).

Troubled banks the NBU needs two billion dollars

According to the Central Bank, on April 1, the damages received by the 28 operating banks by 11.4 billion USD. In March, the losses have been 44 banks in the amount of 7.3 billion UAH, of which 66% was for the loss of one Bank.

Profit for the reporting period of the current year received 83 Bank for a total amount of 3.4 billion UAH. Moreover, in March the profit received 67 banks at UAH 1.2 bn.

We will note, at the beginning of April in Ukraine there are 111 operating banks.

Recall that the loss of Ukrainian banks in 2015 amounted to 66.6 billion USD, while in 2014 this figure was 33.1 billion USD.