Page 92 - bneMag Dec22

92 I New Europe in Numbers bne December 2022
Russia gross intl reserves $bn
Russia’s international reserves up by $10bn in the first week of November to $552.1bn
Russia’s international reserves rose to $552.1bn, climbing by 1.9% ($10.5bn) over the week as of November 11, the Central Bank of Russia (CBR) announced.
As of November 4, 2022, international reserves amounted to $541.6bn, Tass reported.
The total includes the circa $300bn frozen in Western central banks at the start of the war in Ukraine in February.
Romanian banks’ profit hits record after 25% y/y surge in Q3
The aggregated net profit of Romanian banks surged to RON2.88bn (€581mn) in Q3, 25% more compared to the same period last year, according to calculations based on data published by the National Bank of Romania (BNR).
For the year-to-date period January-September, the profit rose by 17.8% y/y to RON7.57bn (+18.2% y/y to €1.53bn). The annualized return on equity (ROE) in January-September rose to 16.6%, a significant 3pp up from 13.6% in the same period last year. The outstanding performance of the banking system was partly driven by the advance of lending activity, but the higher interest rates also contributed.
Polish factories go deeper in recession mode, October PMI survey shows
Poland's Purchasing Managers' Index (PMI) slid 1 point to 42 in October, furrowing deeper below the 50-point mark separating contraction from growth, where it has stayed for six consecutive months now, the economic intelligence company S&P Global said on October 3.
Output and new orders drove the October fall in particular. “Production fell for a sixth successive month and at a sharper, more severe rate. Firms widely indicated that widespread economic uncertainty, high inflation, and the war in Ukraine had all served to undermine sales demand,” S&P Global said. Similar factors ensured that new export orders fell sharply, with the latest data showing an eighth successive monthly decline, the index compiler added.
Inflation in Ukraine hit 26.6% y/y in October
Inflation in Ukraine increased by 2.5% in October 2022 compared to September and by 26.6% year on year, Economic Pravda reported on November 10.
On the consumer market, the biggest increase was seen in food and non-alcoholic beverages, which rose by 4.2% compared to September, according to data from the State Statistics Service. Eggs rose in price the most, by 60.5%. Prices for lard, vegetables, fruits, meat and meat products, non-alcoholic beverages, fish and fish products, cheese, butter and milk climbed by 2.3-11.3%.
Source: CBR
Romania: Banking System's Profits, NPL ratio (€mn, %)
Source: bne IntelliNews
Poland PMI
Source: S&P Global Market Intelligence
Ukraine Inflation y/y
Source: UAH
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