KYIV. April 11 (Interfax-Ukraine) – The validity of the consolidated financial report of the National Bank of Ukraine (NBU) for 2015 has been checked by the Deloitte audit firm, which made positive conclusions (without qualifications), the NBU said on its website.
Deloitte audits reports of over 20 central banks in the world, the NBU said.
The NBU selected Deloitte via a tender for the second year in a row.
As was reported, the NBU’s assets on the balance of separate articles grew by 62% in 2015 from 2014, to UAH 1.009 trillion, according to rough estimates.
“The NBU’s assets in the final annual balance report will be smaller compared to the preliminary data thanks to closure of the matching and unused financial tool balances as swaps with foreign central banks. The sum of growth of NBU’s assets, taking into account these adjustments, would be around UAH 272 billion or 47%,” the bank said, citing Director of the Financial Controlling Department at the NBU Oleh Strynzh.
He said that according to tentative data, the increase in the NBU’s assets is first linked to growth of Ukraine’s forex reserves from $5.77 billion to
$13.3 billion. Their hryvnia equivalent in the NBU’s balance grew by UAH
200.4 billion in a year.
The second largest factor is growth of the hryvnia-pegged securities portfolio – by UAH 73.3 billion.
The regulator said that in 2015, banks returned UAH 8.2 billion on refinancing credits to the NBU, which is reflected in the trend of the decline in credits in the assets of the central bank from UAH 126.1 billion to UAH 117.9 billion.
The bank’s liabilities portfolio posted a rise in SDRs thanks to the attraction of tranches worth UAH 110.5 billion in equivalent from the International Monetary Fund (IMF) – from UAH 65.6 billion to UAH 176.1 billion.
The deposit certificate portfolio of the NBU grew by UAH 70.3 billion in 2015, to UAH 89.9 billion.
The central bank’s capital rose by 100% or UAH 80.3 billion, to UAH 161 billion.
The NBU’s preliminary report for 2015 will be audited and approved by the board and council. By April 30, 2016, profit will be distributed to the bank’s reserves and Ukraine’s national budget.
NBU financial reports are drawn under the international financial reporting standards.
