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Ukraine’s banking system grows more reliable

Posted by the Editor on January 14, 2014


News / 14 January 2014 | 10:37

Ukraine's banking system grows more reliable

Ukraine’s banking system grows more reliable

The National Bank has disclosed preliminary statistics of the Ukrainian banking system performance in 2013, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
According to NBU, as of December 1, 2013,  181 banks held a banking license, one of them is a licensed remedial bank. Out of those, 50 banks have foreign capital, 21 banks are 100% foreign capital. The share of foreign capital in the authorized capital of banks has fallen since the beginning of 2013 from 39.5% to 33.7%.
The banks’ equity capital has grown by 11.6 billion UAH since the beginning of 2013, as of December 1, 2013, it was 181 billion UAH. The banks’ equity capital has grown 65.8 billion UAH since 2010.
The share of banks’ equity in total liabilities has increased from 12.9% to 14.3% from beginning of 2010. According to analysts of the banking market all that indicates an increased reliability of the banking system. As the banks’ own funds grow, their liability service costs fall accordingly.
For 11 months in 2013, the  banks liabilities have grown by 124.1 billion UAH and reached 1.082 trillion UAH. The funds of businesses in bank accounts have grown by 15.1 billion UAH. As of December 1, 2013, businesses had 217.7 billion UAH in their accounts. The individuals funds have grown by 68.5 billion UAH, reaching 432.5 billion UAH.

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