Page 40 - UKRRptJuly18

financial services were most popular: third-party liability insurance (94.7% increase), financial leasing (76.2%), pension contributions to private pension funds from individuals (34%), life insurance (30.6%), tourist insurance (26.8%), contributions to the construction financing funds (23.3%), medical insurance (21.7%), car insurance (20.9%), deposits in credit unions (14.7%) and loans granted by credit unions (7.3%).
Monetary and banking 2010 2011 2012 2013 2014 indicators
2015 2016
Jan-Sep 2017
Non-performing loans, USD bn 57.23 63.90 67.87 81.48 70.48 64.53 63.00 65.93
Non-performing loans ratio 14.8 15.2 29.6 14.5 15.9 25.6 30.4 56.4
Total deposits, USD bn 608.3 741.5 831.3 984.7 729.5 415.0 380.6 362.4
Loan-to-deposit ratio 175% 162% 143% 135% 152% 151% 127% 119%
Capital adequacy ratio 20.6 19.2 18.0 18.1 15.6 9.2 13.0 13.8
Liquid asset ratio 18.8 18.6 22.1 20.6 26.4 33.0 48.5 53
8.1.1 Earnings
8.1.2 NPLs
8.1.3 Banks specific issues
Ukrainian banks profitable. In May they posted UAH2.09bn in net profit.
The banking sector's net profit in the first five months amounted to UAH12.812bn, which was 87% more y/y (UAH6.851bn), the NBU said. The Banks' revenue in January-May amounted to UAH78.275bn, while expenses stood at UAH65.463bn. Ukraine's solvent banks resumed profitable work in the first quarter of 2018 : their combined financial result amounted to UAH8.7bn, which was 2.7 times higher than the first quarter of 2017, Interfax-Ukraine reports.
Non-performing bank loans account for 56% of the nation’s total, up by 6% from January , reports the National Bank of Ukraine. The high level is due to years of unprofessional bank management that ranged amateurish to criminal.
The National Bank of Ukraine (NBU) hailed the nation's parliament, the Verkhovna Rada, for adopting a landmark reform to the currency regulation in the second reading, the central bank said in a statement on June 21. The decision of the parliament "empowers Ukraine to make a long-awaited shift from out-dated, repressive and complicated currency regulation to free currency operations without restrictions and to affirms Ukraine’s place in Europem", the statement reads. Specifically, the law details that in case of unstable financial conditions in the banking system, deterioration of the balance of payments of Ukraine and other adverse events posing a threat to the financial stability, the NBU's board will make decisions on introducing initial
40 UKRAINE Country Report July 2018 www.intellinews.com