Ukraine’s banking system profitable for the first time in five years – NBU governor

Ukraine’s banking system profitable for the first time in five years – NBU governor

Ukrinform
The banking system of Ukraine has made profit for the first time in five years.

NBU Governor Yakiv Smolii said this during his speech in the Verkhovna Rada, Ukrinform reports.

“There are 77 banks in Ukraine, including 4 state-owned and 22 banks with foreign capital. The banking system is not only stable, well-capitalized and transparent, but also profitable for the first time in five years,” said Smolii.

As Ukrinform reported, the NBU in 2018 declared one bank insolvent - it was VTB Bank. At the same time, the central bank notes that according to the results of stress testing in 2018, one bank requires capital increase or debt restructuring before April 1, 2019 so that to fulfill capital requirements.


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