The loan portfolio of Ukrainian banks in June 2021 grew by 1%, to UAH 1.091 trillion, while the volume of non-performing loans (NPL) decreased by 0.7%, to UAH 405.522 billion, according to reports on the website National Bank of Ukraine (NBU).
According to the report, the share of non-performing loans in the banking system in June fell to 37.18% from 37.85% in May.
The National Bank indicated that over the month the portfolio of loans in the corporate sector decreased by 0.7%, to UAH 809.363 billion, while the portfolio of loans to individuals increased by 2.1%, to UAH 229.139 billion.
At the same time, the volume of interbank loans increased by 1.4%, to UAH 40.93 billion, and the volume of loans issued to state and local authorities increased by 3.7%, to UAH 11.212 billion.
According to the National Bank, in June, the share of NPL in the portfolio of loans provided to the corporate sector decreased by 0.5 percentage points (to 43.66%), loans to the population – by 1 percentage point (to 22.4%), interbank loans – by 0.5 percentage points (to 1.92%), and loans to state authorities remained at the level of 0%.
The central bank’s report indicates that the loan portfolio of state-owned banks (excluding PrivatBank) in June 2021 increased by 0.2%, to UAH 292.798 billion (the NPL volume in it decreased by 0.5%, to UAH 118.09 billion), while the loan portfolio of PrivatBank grew by 0.4%, to UAH 248.7 million (NPL decreased by 0.2%, to UAH 177.4 billion).
In addition, over the month, the loan portfolio of banks with foreign capital increased by 1.5% (to UAH 361.09 billion), with private – by 2.6% (to UAH 188.06 billion), while the volume of NPL in them decreased accordingly by 0.8% (to UAH 87.55 billion) and by 1.2% (to UAH 22.509 billion).
The International Monetary Fund (IMF) will provide Ukraine with more than $2.7 billion “free of charge and without additional conditions,” according to the President’s Office of Ukraine website on Tuesday. The relevant decision was made by the IMF Board of Governors at the suggestion of IMF Managing Director Kristalina Georgieva to help restore the world economy affected by coronavirus (COVID-19) pandemic. In total, special drawing rights (SDR) in the amount of $650 billion will be allocated between the countries.
The IMF said in the official statement that this is the largest allocation of SDRs in the history of the fund. “The SDR allocation will benefit all members, address the long-term global need for reserves, build confidence, and foster the resilience and stability of the global economy. It will particularly help our most vulnerable countries struggling to cope with the impact of the COVID-19 crisis,” Georgieva said.
Ukraine is expected to receive the tranche on August 23.
According to a statement on the presidential website, the decision was made after a telephone conversation between President of Ukraine Volodymyr Zelensky and Georgieva last week.
“This will be a good gift for our country on the 30th anniversary of independence. These funds will help overcome the consequences of coronavirus crisis and stimulate our economy. I am grateful to the IMF and personally Kristalina Georgieva for this decision,” the President of Ukraine said.
He also said that cooperation with the IMF is very important for Ukraine, so it continues to implement reforms and carry out structural beacons to receive a new tranche under the current stand-by arrangements. “We are working on completing the first revision of the current program of the International Monetary Fund and expect the IMF mission in September. I spoke about that during our telephone conversation with Ms. Kristalina Georgieva,” Zelensky said.
National bank of Ukraine’s official rates as of 03/08/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of August 03
One troy ounce=31.10 grams
The first transaction for the export of milk powder to Ukraine has been completed at the Belarusian Universal Commodity Exchange (BUCE), the press service of the BUCE has reported.
“Following the trading session, a Ukrainian company purchased from a Belarusian manufacturer a trial batch of 40 tonnes of skimmed milk powder for $108,000. Earlier, Ukrainian participants mainly purchased scrap metals, construction materials, flour and plant seeds at the BUCE, and showed no interest in domestic dairy products,” the press service said.
The first deal on the purchase of Belarusian milk powder by the Ukrainian company on the stock exchange is considered a landmark event in terms of export diversification.
“This, first of all, was facilitated by the active work of the exchange to attract new buyers from Ukraine to the auction. In particular, the company that completed the transaction is a large importer of agricultural products to the Ukrainian market. On the other hand, an important role was played by the flexible marketing policy of Belarusian dairy processors, who were able to offer their products at a competitive price. As practice shows, a trial purchase is usually followed by transactions of a much larger volume. We look forward to a similar scenario in this case,” the press service said.
They also noticed that Ukraine is in the top five countries in terms of the number of companies accredited on the exchange.
“At the same time, in the first half of the year, the number of Ukrainian participants increased by 16% and amounted to 326. Exchange trade turnover with Ukraine has also significantly increased: following the results of the six months, it reached $24.6 million, which is 58% more than in the same period in 2020,” the report says.
In general, in the first half of 2021, the export of milk powder through the BUCE increased by 4.5 times. The main buyers were residents of the Russian Federation.
SkyUp (Kyiv) has acquired the thirteenth aircraft for its fleet – a medium-haul Boeing 737-800NG for 189 passengers.
The airline reported on Facebook this is the seventh aircraft of this model in the SkyUp fleet.
“The bird’s name is Oscar, registration number is UR-SQO. The aircraft was manufactured in 2012, passed a thorough technical check. Now it is equipped with Blended Winglets. You can meet our Oscar on international and domestic SkyUp routes,” the airline said.
CEO of SkyUp Airlines Dmytro Seroukhov, in turn, noted on his Facebook page that the company’s fleet will soon be replenished with two more aircraft.
“The 13th bird is at home! Many thanks to the whole team for this, I know how difficult it was, but we all did it! Very soon the SkyUp park will be replenished with the 14th and 15th aircraft,” he wrote.
SkyUp Airlines LLC was registered in Kyiv in June 2016. The founders are Tetiana and Yuriy Alba’s ACS-Ukraine LLC, which also owns the JoinUp! tour operator.
