The Ukrainian banking system has been showing strong performance for several years in a row. The banks’ assets, liabilities have been on an upward trend. The banks have reported an increase in the size of capital and profits. “Total assets of banks have grown by UAH 16 billion year-to-date. Loans to the economy, which have increased by UAH 10 billion, account for the largest share of the increase in total loans,” said Director of Department for Legal and Methodological Support of Banking Regulation and Supervision Nataliia Ivanenko.

The banks’ liabilities continue to follow an upward trend, having grown by UAH 13 billion over the first three months of 2013.

Household deposits had increased by more than UAH 20 billion in the first quarter of 2013, with household deposits in the national currency being the major contributors to the deposit growth.

Household time deposits had climbed by UAH 16 billion, whereas demand deposits had grown by UAH 4 billion. This is an indication of the growing public confidence in the banking system. Household deposits are the main component of the resource base of banks and, correspondingly, the source of funding to the real economy.

Since the beginning of the year, corporate deposits have grown by UAH 4 billion. The banks have reported an increase of UAH 4 billion in the banks’ capital.

“Having overcome the negative impact of the financial crisis, the Ukrainian banking system has been operating profitably for the second year in a row. First-quarter profit of the banking system exceeded UAH 3 billion,” noted Ms. Nataliia Ivanenko.

Today there are sufficient grounds to assert that the Ukrainian banking system operates smoothly and positive trends we have seen in the banking industry will persist in the coming future.