Ukraine’s banking sector will return to profitability in 2018. This forecast gives the international rating Agency Fitch on the official website.
At the same time, the large financing costs and impairment (of assets), together with weak credit growth will continue to restrain positive trends, said Fitch.
“In 2018, the profitability should improve due to the reduction of financing costs and increase the level of GDP”, – analysts said the Agency.
Loan growth next year, is likely to be only in a few segments. According to experts, now in Ukrainian banks about 113 billion ($4.3 billion) unconditionally overdue loans. This is approximately equal to the regulatory capital of the sector, which means that banks may need further capital support, say, Fitch.