The NBU’s Statement of Financial Position suggest that the central bank’s assets increased by UAH 24.8 billion, or by 3%, to UAH 874 billion, up from UAH 849.2 billion.
“On the asset side of the balance sheet, the largest increase was recorded under the "Ukraine’s International Reserves" item (foreign securities, SDR holdings, etc.). The assets included in this account grew by UAH 28.3 billion (9%), reaching UAH 347.5 billion. As of the end of the period under review, the NBU's international reserves reached the equivalent of USD 14 billion,” said Director of the NBU Financial Controlling Department Mr Oleh Strynzha. “An UAH 18.4 billion reduction in loans granted to banks and other borrowers is yet another steady positive trend indicating that banks continue to repay their refinancing loans to the central bank, which points to a sustained increase in banks' liquidity”.
Mr Strynzha said that the central bank's total liabilities shrank by UAH 11.3 billion, or by 2%, to UAH 715.1 billion, down from UAH 726.4 billion.
“In the first half of the year, the outstanding amount of NBU certificates of deposit fell by 45% to UAH 49.7 billion, down from UAH 89.8 billion. This financial instrument is gradually becoming less attractive to banks due to the easing of monetary policy. This move is expected to provide further impetus for the resumption of lending to the real sector as long as the corporate debt burden is reduced and creditor rights' protection is strengthened,” said Mr Strynzha.
The central bank’s equity expanded by UAH 36.1 billion over this period.