Page 39 - bne IntelliNews Ukraine Country Report May 2017

8.0 Financial & capital markets 8.1 Bank sector overview
The governor of the National Bank of Ukraine (NBU) Valeriya Gontareva on April 6 confirmed her intention to leave the post she has held for almost three years. "[Gontareva] confirmed her plans to leave the NBU governor post in the future," the central bank's media office said in a statement. "The decision to dismiss the NBU head should be made by the Ukrainian president, while parliament approves it." In early March, Gontareva indicated that she would resign after the next memorandum under the country’s $17.5bn support programme from the International Monetary Fund (IMF) has been signed and sealed. On April 3, the IMF approved the release of a $1bn tranche to Ukraine.
Monetary and banking 2008 2009 2010 2011 2012 2013 2014 2015 2016E 2017F indicators
Monetary base, UAH 187 195 226 240 255 307 333 347 382 393 bln
Monetary base, chg. 32% 4% 16% 6% 6% 20% 8% 4% 14% 3% yoy
Money supply (M3), 515 487 598 683 773 909 957 1008 1,102 1257 UAH bln
Money supply, chg. yoy 30% -5% 23% 14% 13% 18% 5% 4% 11% 5%
Monetary multiplier (eop 2.8 2.5 2.6 2.8 3 3 2.9 2.9 2.9 2.9 M3/MB)
Bank loans, chg. yoy 72% -2% 1% 10% 2% 12% 13% 3% 2% 8%
Bank deposits, chg. 28% -8% 26% 18% 16% 18% 0% 4% 10% 15 yoy
Loan-to-deposit ratio 205% 219% 175% 162% 143% 135% 152% 151% 127% 119%
Source: SP Advisors
39 RUSSIA Country Report April 2017 www.intellinews.com