Loss of Ukrainian banks decreased by 4.4 times

Loss of Ukrainian banks decreased by 4.4 times

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Ukrinform
The loss of operating banks in Ukraine in the first nine months of 2016 totaled UAH 11.6 billion, which is 4.4 times down compared with the same period last year, the press service of the National Bank of Ukraine (NBU) reports.

“Losses of operating banks over nine months of 2016 decreased by 4.4 times, compared with the same period last year, and totaled UAH 11.6 billion. As of October 1, 2015, the total loss of banks was UAH 51.1 billion,” reads the report.

The NBU explained that the loss fell mostly due to the decline in payments to reserves for active transactions by 58.6%.

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