Loss of operating Ukrainian banks in January-July of the current year compared to the same period last year dropped by more than three times – up to UAH 9.3 billion. The national Bank of Ukraine (NBU) reported on the official website.

“The decline in losses was solely due to the reduction of deductions in reserves under active operations, as the largest banks realized the formation of reserves by the results of diagnostics in 2015,” – said the national Bank.

The financial result of the banks to transfers to reserves and payment of taxes in the current year is 60% lower than in the past, and is 13.9 billion. The regulator says that the main reasons for the decline in performance of the banking system was a further reduction in income with the growth of certain expenditure items (interest and administration).

Revenues of the banking system in January-July 2016 compared to the corresponding period in 2015 decreased by 13% and amounted to 101.6 billion. As of 1 August, losses were 33 active Bank totaling 16.6 billion UAH, including for July – 26 banks in total amount of UAH 1.1 bn. Profit was 68 banks for a total amount of 7.4 billion UAH, including for July – 75 banks for a total amount of 1 billion UAH.

Ukrainian banks reduced losses by three times 31.08.2016

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