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NBU: Ukrainian banking industry shows an upward trend
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11 February 2013
Mr. Oleksii Tkachenko, Deputy Governor of the National Bank of Ukraine, believes that overall 2012 was a successful year for the domestic banking industry.
“2012 saw ongoing positive developments in the Ukrainian banking industry, which were first recorded in 2011. In 2012, the amount of active transactions and borrowed funds showed an upward trend,” he said.
Total assets increased by UAH 56 billion over the past year or by 5%, having reached UAH 1.3 trillion. A surge in active transactions carried out by banks in the domestic currency is seen as a good sign.
“Oschadbank, Ukreximbank and Privatbank held leading positions, having succeeded in increasing the amount of active transactions,” noted Mr. Oleksii Tkachenko.
The banks are gradually ramping up lending to the real sector of the economy. The amount of loans to the economy surged by UAH 29 billion or by 5% to UAH 610 billion.
The loans in the national currency were the major divers of lending growth.
The quality of lending transactions had improved.
Over the past year, the outstanding loans shrank by UAH 7 billion, with their share in the total loans having declined from 9.6% to 8/9%.
The amount of banks’ funds on the correspondent account with the National Bank of Ukraine climbed by 12% to UAH 25 billion over the past year, indicating an increase in banks’ liquidity.
“Among the banks whose outstanding amounts on the correspondent account with the National Bank of Ukraine demonstrated robust growth were the state-owned banks and other banks, including Ukrsotsbank, Raiffeisen Bank Aval, and Privatbank,” said Mr. Okleksii Tkachenko.
The banks’ liabilities increased by UAH 59 billion, or by 7%, having reached UAH 958 billion over the past year.
Household deposits accounted for the largest portion of the growth in liabilities, having increased by UAH 58 billion, or by 19% to UAH 364 billion.
Household deposits have been on an upward trend over the past three years, which is an indication of the growing public confidence in the banking system. Household deposits are the main source of funding to the real economy.
In 2012, the amount of corporate deposits grew by UAH 16 billion, or by 9%.
The growth in the banks’ capital is another positive factor behind an upward trend seen in the banking industry.
Thus, the authorized capital of banks grew by more than UAH 3 billion, having come to UAH 175 billion.
“State-owned banks and Privatbank have the largest size of the authorized capital,” noted Deputy Governor of the National Bank of Ukraine Mr. Oleksii Tkachenko.
The key point is that after suffering losses over the past three years, the banking industry operated profitably last year. In 2012, the financial figures showed a profit of UAH 5 billion.
“Privatbank, Ukrgasbank, VTB Bank, and Oschadbank were among the banks that showed strong performance in 2012,” said Mr. Oleksii Tkachenko.
He concluded: “Today there are grounds for hoping that upward trends we have seen in the banking industry will persist in the coming future. The National will make further efforts to secure the stability and sustained growth of the banking industry to ensure that the banking system exercises its main functions and, above all, promotes economic growth of our country”.
Source: National Bank of Ukraine
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