Mr. Ihor Sorkin, Deputy Governor of the National Bank of Ukraine, has analyzed data on the performance of the banking system of Ukraine in the first half of 2012.
According to him, the first half of 2012 saw some positive developments in the banking sector. “Lending to the economy by the banking system has expanded by UAH 11 billion, indicating that the banks continue to lend to the economy and promote economic growth despite the tight credit conditions in global financial markets. With regard to lending to households, national currency loans to households have climbed by UAH 8 billion. Accordingly, there is a downward trend in foreign currency loans that have previously been granted by the banking system,” said Mr. Ihor Sorkin.
According to Mr. Ihor Sorkin, household deposits have been on an upward trend, which testifies to the confidence of households in the banking system and national currency.
“Since the start of the year, household deposits have grown by UAH 40 billion, UAH 23 billion whereof falling on national currency deposits. These figures are clearly a good sign and we should take measures to maintain household deposit growth,” he noted.
In addition, the Deputy Governor of the National Bank of Ukraine has drawn attention to the fact that outstanding loans have contracted by UAH 2 billion.
“In the first half of 2012, the banking system made a profit of UAH 2.2 billion. I believe that the banking system has demonstrated a good performance. The profit of UAH 2.2 billion can be regarded as a positive achievement, compared with a loss of UAH 7 million incurred by the banking system in the same period of the previous year. In my opinion, the key issue is an increase in the authorized capital, which serves as an indicator reflecting the bank shareholders’ stance towards the banking system. We can state that the authorized capital of banks has been increased by UAH 7 billion, which indicates that the shareholders have signaled their intention to develop their banks and invest in the banking system of Ukraine,” noted Mr. Ihor Sorkin.