The National Bank of Ukraine (NBU) has presented seven strategic goals for the medium term. “In the next three years we will focus on the following objectives: low and stable inflation, a stable, transparent and efficient banking system, the resumption of lending, efficient regulation of the financial sector, free flow of capital, financial inclusion, and … Read more
The National Bank of Ukraine (NBU) has decided to touoghen the monetary policy and increased the refinancing rate to 17% from March 2 from 16%. According to a posting on the website of the central bank, decision No. 133-rsh on the size of the refinancing rate was approved by the NBU Board on March 1, … Read more
The banking sector of Ukraine in 2017 posted UAH 24.4 billion of net loss, according to a February survey of the banking sector posted on the website of the National Bank of Ukraine (NBU). According to the document, PrivatBank and two banks with Russian capital mainly saw the loss. In 2017, the number of loss-making … Read more
The National Bank of Ukraine (NBU) has estimated growth of real gross domestic product (GDP) of Ukraine in 2017 at 2.1%. “The negative impact from stopping trade with government uncontrolled territories for real GDP in 2017 was lower than expected at the beginning of the year – 0.9 percentage points compared with 1.3 percentage points … Read more
The deficit of Ukraine’s national budget in 2017 totaled UAH 47.85 billion, which is 31.9% or UAH 22.4 billion lower than in 2016, the National Bank of Ukraine (NBU) reported on Tuesday. The NBU said that internal financing fell by 70.6%, to UAH 10.89 billion, while revenue from privatization soared 17.9-fold, to UAH 3.38 billion. … Read more
The refinancing rate rise shows that the NBU remains focused on sustainably reducing inflation as part of its planned shift towards inflation targeting and commitment to preserving improvements in the country’s macroeconomic and financial stability, Fitch Ratings analysts have said. “Thursday’s rate rise shows that the NBU remains focused on sustainably reducing inflation… An independent … Read more
The National Bank of Ukraine (NBU) has decided to increase the refinancing rate from 14.5% to 16% from January 26, 2018. According to a posting on the website of the central bank, decision No. 43-rsh on the size of the refinancing rate was approved by the NBU Board on January 25, 2018. “The tougher monetary … Read more
The National Bank of Ukraine (NBU) pursuing the policy of currency liberalization seeks to permit repatriation of dividends for 2017 and relax limits for early repayment of foreign loans, the central bank has reported on its website. “The closest priority in this area [liberalization of the currency market] is the permission to repatriate dividends for … Read more
The depository of the National Bank of Ukraine from April 2, 2018 launches the model for outstanding government foreign loan bonds (eurobonds) in own depositary system. “The relaxation of licensing of these transactions for Ukrainian residents would occur within and in terms of the global currency liberalization project,” the NBU said in a presentation posted … Read more
The number of bank branches in Ukraine in 2017 decreased by 8% compared to the beginning of the year, to 9,489 offices, according to statistics released by the National Bank of Ukraine (NBU). According to the NBU, the general trend towards the decrease in the number of offices has been maintained since 2012. The rate … Read more