18:52 24.05.2016

Loss of operating Ukrainian banks comes to UAH 11.5 bln as of May 1

2 min read
Loss of operating Ukrainian banks comes to UAH 11.5 bln as of May 1

The loss of operating Ukrainian banks in January through April 2016 reached UAH 11.5 billion. This is 16.7% down year-over-year (UAH 13.8 billion), the regulator has reported on its website.

The NBU did not specify data for the whole banking system with insolvent banks.

The regulator said that revenue of banks over the period decreased by 20.2%, totaling UAH 56.8 billion.

This is linked to the UAH 3 billion loss from trade transactions seen as a result of the loss from trade with foreign currency and bank metals, while profit in January through April 2015 was UAH 7.6 billion.

The NBU said that credit interest revenue decreased by UAH 4.9 billion.

Securities interest revenue this year grew by UAH 3.1 billion.

Banks' expenditure in January through April decreased by 19.6%, to UAH 68.4 billion. Payments to reserves dropped by 54%, to UAH 16.9 billion.

Loss of operating banks in April 2016 compared to March 2016 halved, to UAH 3 billion. Payments to reserves to cover possible losses from active transactions decreased by 51%, to UAH 5.7 billion (UAH 10.2 billion in March).

Net interest income in April amounted for UAH 2.7 billion and net fee income – UAH 2.1 billion.

As of May 1, 2016, 34 operating banks posted losses of UAH 15.1 billion, including 25 banks in April with UAH 4.7 billion of loss. One bank contributed 72% of the total loss.

Some 75 banks saw profit of UAH 3.6 billion, including 84 banks in April (UAH 1.7 billion).

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