The share of non-performing loans (NPL) in the banking sector as of March 1, 2024 decreased to 36.59% from 36.75% in February, mainly due to a decrease in problem loans to individuals by 0.45 percentage points (p.p.), to 22.35%, according to data from the National Bank of Ukraine (NBU). The volume of loans in February…
Read more
By the end of May this year, the Ministry of Finance of Ukraine will appoint an internationally recognized financial consultant to prepare for sale two systemic state banks – Sense Bank (formerly Alfa-Bank) and Ukrgasbank, which account for 4% and 6% of banking system assets, respectively, says the memo of the Ukrainian authorities on the…
Read more
The United States has imposed blocking sanctions on the National Payment Card System (NPCS), the operator of the Mir cards, the Office of Foreign Assets Control (OFAC), a division of the United States Department of the Treasury responsible for sanctions enforcement, said in a statement. Nine Russian banks were also sanctioned: Avangard, International Financial Club…
Read more
President of Ukraine Volodymyr Zelenskyy and President of Slovenia Nataša Pirc Musar discussed cooperation in the UN Security Council and the defense needs of Ukraine, the press service of the head of state said. As reported on the official website of the President of Ukraine on Thursday evening, Zelenskyy, during a phone conversation with Pirc…
Read more
The privatization of state-controlled banks, the number of which has increased to five, and the market share in terms of assets to 56% based on the results of January-September 2023, can begin even before the end of the war, First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova has said. “If some…
Read more