UKRAINIAN INDEX
OF EFFECTIVE INTEREST RATES
ON CONSUMER LOANS FOR INDIVIDUALS
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Ukrainian Banking System has Reduced Loss Ratio since the Beginning of the Year by 50%

Income of Ukrainian banks increased by 2.4% up to $80.2 bln within seven months of 2011 from the same period in 2010. The increase was mainly due to a growth in fee and commission income, income from trading transactions and other operating activities. Lower interest rates and the stagnation in lending led to the fact that the interest revenue of banks declined from 66.729 bln. to 64.312 bln.

Expenses of banks decreased by 3.2% to $ 84.2 bln. The decrease was due to lower contributions to reserves for subquality loans.

A financial performance of banking activity in Ukraine within the seven months of the year is negative – minus 3.959 billion UAH. (for seven months of 2010, losses amounted to 8.6 bln.). At the same time contributions to the reserves fell down to USD22.395 billion, compared to USD28.583 billion obtained in the same period of 2010.

Structure of income and expenses of banks, as of 1 August 2011

Indicator

Amount (thousand UAH)

%

1

Total income

80 227 915

100.0

1.1

Interest income

64 312 544

80.2

1.2

Fee and commission income

9 995 755

12.5

1.3

Trading transactions

2 796 359

3.5

1.4

Other operational income

2 582 440

3.2

1.5

Other income

199 950

0.2

1.6

Charge-off

340 867

0.4

2

Total expenses

84 186 482

100.0

2.1

Interest expenses

33 373 034

39.7

2.2

Fee and commission expenses

1 630 048

1.9

2.3

Other operating expenses

8 237 589

9.8

2.4

General administrative expenses

18 455 162

21.9

2.5

Allocation to reserves

22 395 382

26.6

2.6

Corporate profit tax

95 267

0.1

3

NET INCOME (LOSS)

-3 958 567

х

The national currency of Ukraine UAH/USD exchange rate was 7.9712/1, as of 1 Aug 2011.

Source: National Bank of Ukraine

 
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