Page 45 - UKRRptFeb20

still has amongst the highest real interest rates in the world of 8.4%.
Ukraine’s prime rate may be slashed in 2020 to 8% -- one year ahead of schedule​, Yakov Smoliy, governor of the National Bank of Ukraine, tells Project Krym. “Business can rates on loans at the level of 10-12% per annum in UAH,” Smoliy predicts in the summary on Facebook. This would mean a 550 basis point cut from the current level of 13.5%
8.3 ​Stock market
8.3.1 ​Equity market dynamics
8.4 ​International ratings
China’s Bohai Commodity Exchange has acquired a 49.9% stake in PFTS Stock Exchange​, Ukraine’s second-largest exchange, after Perspective. Last year, PFTS handled $3.2bn in trades, 38% of the volume on Ukraine’s three exchanges. Two years ago, the Tianjin-based exchange, known as BOCE, purchased the Ukrainian Bank for Reconstruction and Development.
Ukraine - Rating agency
as of January 1, 2020
last change
Moodys (USD rating)
Caa1 (S)
21/12/18
Fitch (USD rating)
B (P)
06/09/16
S&P
B (S)
27/09/19
45​ UKRAINE Country Report​ February 2020 ​ ​www.intellinews.com