The number of positively-minded top managers of financial institutions decreased from about 52% in November last year to about 45% in May this year, the balance of responses worsened from 26% to 21%, but remains positive, according to data from the National Bank of Ukraine (NBU). “The majority of respondents reported that, in their opinion, … Read more
The National Bank of Ukraine (NBU) cancelled the licenses of Amina-Leasing Gruaa LLC and Private Conversation LLC due to failure to comply with its decision. As reported on the regulator’s website, enforcement measures were taken due to failure to submit reports to the NBU for the fourth quarter of 2023 and for 2023. In this … Read more
Losses caused by the Polish blockade of the Ukrainian border amounted to $500 million in lost imports and $160 million in exports in its first month, the National Bank of Ukraine said on May 14. Polish farmers and truckers held protests at the border due to fear of uneven competition with their Ukrainian counterparts, first … Read more
The reduction of the key policy rate from 14.5% to 13.5% at the meeting of the Monetary Policy Committee (MPC) of the National Bank of Ukraine on April 24 was supported by eight of its members, while three suggested lowering it to 13%, according to the NBU’s published results of the MPC members’ discussion on … Read more
The National Bank of Ukraine (NBU), previously incorporating into the baseline macroeconomic forecast certain timelines for “significant improvement in security,” has abandoned such an approach. However, instead, it published an alternative scenario in its April Inflation Report, the main difference of which is a slower economic growth in 2025 with a larger budget deficit, depreciation … Read more
The National Bank of Ukraine (NBU) announced on May 3 that it was implementing the largest set of currency liberalization measures since the beginning of the full-scale war. The measures are aimed at decreasing restrictions on businesses and currency controls. Ukraine implemented strict controls over its currency and tightly regulated foreign exchanges in 2022, hoping … Read more
The National Bank of Ukraine (NBU) is giving Getin Holding six months to sell its 100% stake in the charter capital of Idea Bank (Lviv), the holding said in a statement on the Warsaw Stock Exchange on Thursday. It states that on May 2, 2024, Getin Holding received a decision from the NBU Committee on … Read more
The National Bank of Ukraine (NBU) canceled Elaens Financial Company LLC (TM Fondy) registration as an indirect participant in the Visa and MasterCard international payment systems, NBU message wrote on its site. The decision was made in connection with the financial company’s risky activities threating Ukraine’s national security after NBU received information about FC Elaens activities … Read more
Ukrainian banks have stopped shrinking their branch networks, which was caused by the full-scale invasion and temporary occupation of the territories, the National Bank of Ukraine reported on Telegram on April 22. This trend has been consolidated, as the number of branches has not changed significantly for more than a year. The largest number of … Read more
The network of structural divisions of Ukrainian banks, which for the first time since the beginning of the war grew by 40 divisions in the fourth quarter of 2023, lost 30 points in the first quarter of 2024, shrinking to 5,108 divisions. According to information published by the National Bank (NBU), this result is mainly … Read more