NBU: Losses of Ukrainian banks in 7 months has decreased by more than three times and amounted to 9.3 billion

НБУ: Убытки украинских банков за 7 месяцев сократились более чем в три раза и составили 9,3 млрд грн

The total loss of operating Ukrainian banks over seven months of 2016 was reduced in 3,3 times in comparison with the same period last year and amounts to 9.3 billion UAH. About it reports a press-service of the NBU.

It is reported that as of August 1, 2015 the loss of banks amounted to 30.2 billion UAH.

“The decline in losses was solely due to the reduction of deductions in reserves under active operations, as the largest banks carried out additional formation of reserves by the results of diagnostics in 2015”, – stated in the message.

In NBU note that financial performance of banks before provisions and taxes in the current year is 60% lower than in the past, and is 13.9 billion UAH 34.4 billion in 2015

“The main reasons for the decline in performance of the banking system were further reductions in income with the growth of certain expenditure items (interest and administration)”, – noted in the NBU.

It is reported that the income of the banking system in January-July 2016, compared with the corresponding period in 2015, decreased by 13% and amounted to 101.6 billion.

So, as of 1 August, losses were 33 active Bank totaling 16.6 billion UAH, including for July – 26 banks in total amount of UAH 1.1 bn. Profit was 68 banks for a total amount of 7.4 billion UAH, including for July – 75 banks for a total amount of 1 billion UAH.

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