Ukrainian household wealth 18.5% down in 12 months through June 2016
Ukrainian household wealth declined by 18.5% or $10 billion in the 12 months through June 2016, to $44 billion, according to the annual report of Credit Suisse investment bank.
The bank said that in the long-term outlook household wealth mainly depends on the pace of the country's economy, deposits and demographic factor. In the short-term outlook the indicator is influenced by the cost of assets and exchange rates.
The latter two factors impacted the pace of Ukrainian household wealth over the period. Credit Suisse analysts said that the market capitalization of assets decreased by 96.8%, and the exchange rate of the national currency – by 15.4%.
As reported, Ukrainian Exchange index in 2015 fell by 33.6%, PFTS index – by 37.8%. Since early 2016, they rebounded by 17.2% and 11% respectively.
The index of Ukrainian companies' shares on the Warsaw Stock Exchange (WSE) WIG-Ukraine grew by 51.22% in 2015 and by 36.6% since early 2016.
According to the National Bank of Ukraine, the hryvnia exchange rate to the U.S. dollar declined by 51% on the interbank currency market in 2015 and since early 2016 – by 7.4%.