The share of non-performing loans (NPL) in the total volume of loans in Ukraine in July 2018 fell to 55.06% from 55.68%, according to the National Bank of Ukraine (NBU). The central bank said that in particular, the share of NPL in the loan portfolio of PrivatBank fell to 84.54% from 84.64%, in other state-owned banks to 59.09% from 59.11%, in portfolios of foreign bank groups – to 41.75% from 42.54% and banks with private capital it grew to 24.6% from 24.09%.
The volume of NPL of banks in July grew by UAH 5.092 billion, to UAH 631.231 billion, including in state-owned banks by UAH 7.073 billion, to UAH 419.963 billion, in banks with private capital – by UAH 865 million, to UAH 31.817 billion and in banks of foreign bank groups – by UAH 871 million, to UAH 168.338 billion.
The share of all NPL of the loan portfolio of the corporate sector in July fell to 57.28% from 57.83% and in the loan portfolio of individuals – to 50.72% from 51.32%.
Vice-President of the European Commission in charge of the Euro, Social Dialogue, Financial Stability, Financial Services and Capital Markets Union Valdis Dombrovskis will visit Ukraine on September 13-14, where he will take part in signing the EU macro-financial assistance program worth EUR 1 billion, according to the European Commission.
Dombrovskis will meet with Ukrainian Prime Minister Volodymyr Groysman and acting Finance Minister Oksana Markarova.
In addition, he will participate in the forum of the Yalta European Strategy (YES).
The Verkhovna Rada has ratified the agreement between the governments of Ukraine and the Republic of Turkey on mutual assistance and investment protection, which provides Ukrainian and Turkish investors with assistance in use of investments, as well as secures guarantees against illegal expropriation and nationalization. Some 244 people’s deputies supported the corresponding bill with the quorum being 226 votes.
According to the website of the Ministry of Economic Development and Trade, the agreement also provides for the free transfer of payments and the application of internationally recognized dispute settlement procedures.
In addition, the parliament ratified the trade agreement between Ukraine and the Kingdom of Thailand.
The corresponding bill, providing for the creation of a special intergovernmental commission on trade, was supported by 241 people’s deputies.
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JSC Ukrgazvydobuvannia has discovered the third new field in Kharkiv region this year. The press service of the company reported that at the exploration stage the reserves total at least 0.375 billion cubic meters and the prospective resources are estimated at around 1 billion cubic meters. The field was discovered in August 2018 after the completion of drilling a wildcat well started after a seismic survey under a deposit use license issued in 2014.
Today the well is being developed and test production is started. The company continues exploration work at the new field.
Ukrgazvydobuvannia recalled that in May and June 2018 the company discovered two new fields in Kharkiv region on land parcels with mineral resources the licenses for which were received before 2017. Some issues regarding the issue of licenses for new land parcels are still unsettled. According to the government gas production boosting program, the company will receive 15-20 licenses for new land parcels every year to explore and discover new fields.
As reported, the strategy of the company until 2020 envisaged the increase in gas production from 14.5 billion cubic meters in 2015 and 2016 to 15.2 billion cubic meters in 2017, 16.5 billion cubic meters in 2018, 18.3 billion cubic meters in 2019, and 20.1 billion cubic meters in 2020. Ukrgazvydobuvannia, fully owned by Naftogaz Ukrainy, is the country’s largest gas producer, which provides about 75% of the total gas production in the country.
