NBU: 2017 was successful for Ukraine’s banking system

NBU: 2017 was successful for Ukraine’s banking system

The year 2017 was a successful one for Ukraine’s banking system, Deputy Governor of the National Bank of Ukraine (NBU), Kateryna Rozhkova, stated.

“The year 2017 was successful for the banking system. The sector became profitable due to an increase in operating profits. Not the last factor was a significant reduction in allocations to reserves, as well as lower interest rates, which contributed to the growth of interest income,” Rozhkova said at a press briefing dedicated to the financial stability report released by the NBU on December 18, an Ukrinform correspondent reports.

Rozhkova also said that the resource base of banks was stable, although the NBU noted that in the second half of 2017, the growth rate of the resource base slightly slowed down. Also, there was a recovery of lending, and although it referred primarily to consumer lending, a recovery of lending to businesses was also recorded.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: