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News / 4 December 2013 | 17:13
Banking system of Ukraine demonstrates stability

Banking system of Ukraine demonstrates stability

The banking system of Ukraine works consistently and has sufficient margin of safety, head of the NBU department on banking regulations and supervision Natalia Ivanenko told the press, ForUm's correspondent reports.

"I want to assure you that current events happening in Ukraine have not had any impact on the work of the banking system. For 11 months of this year, system indicators demonstrate positive tendency,  total assets have grown by 10%, credit operations have grown by 9% and volume of loans to legal entities have grown by 11% comparing to results of last year," she specified.

NBU official also noted that troubled loans trend to decrease (to 13.9%), while deposits show 19% growth, which means the population trust the banking system. "The majority of deposits are long-term and in national currency," she said and added that individual deposits are the basic component of the resource base of Ukrainian banks.

Summing up, Ivanenko underlined that for 2013 the banking system have accumulated serious margin of safety and demonstrates further growth.

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