Arab Today, arab today ukrainian banks suffer 375m loss in may
Last Updated : GMT 12:44:13
Arab Today, arab today
Arab Today, arab today

Ukrainian banks suffer $375m loss in May

Arab Today, arab today

Arab Today, arab today Ukrainian banks suffer $375m loss in May

Kiev - Itar-Tass

Ukrainian banks lost 3.03 billion hryvnias (an equivalent to 375 million dollars) in May this year. Growing expenses caused by evaluation of credit operations and the formation of reserves to guarantee them are believed to be the main reasons behind the loss, the National Bank of Ukraine says in its report published on Monday. In January-May, the profit of Ukrainian banks stood at 1.1 billion hryvnias (137.5 million dollars), which is a 42.11 % decrease over the same period in 2012 (1.9 billion hryvnias). The banks’ income grew by 8.4% to reach 64.9 billion hryvnias (8.1 billion dollars), while the expenses also grew by 10.1 % to reach 63.8 billion hryvnias (about 8 billion dollars). According to the National Bank of Ukraine, the surplus of Ukraine’s payment balance stood at 514 million dollars in May which is almost twice as low as in April (927 million dollars) and the current accounts deficit had dwindled to 208 million dollars from 1.2 billion dollars in May 2012. The National Bank of Ukraine notes that a decline of economic activity in Ukraine and decreasing external demand are the main preconditions leading to reduction of imports and exports. The goods exports dropped by 17.8 % in May in the annual measurement to 5.2 billion dollars. \"The unfavorable external situation and completion of deliveries of pipes to the Russian Federation have caused a 25.7 % fall in exports of metallurgical products. Exports of products of agro-industrial complex have also dropped by 34.8% largely due to a high comparative basis (record high exports of grain crops in May 2012). Falling external demands for corn and temporary restrictions on grain exports to the Customs Union imposed by several Ukrainian enterprises have also affected export volumes. A 21.3 % decrease in exports of engineering products is linked to completion of deliveries of railway cars to Russia and lowering investment activities in the economy,” the National Bank of Ukraine says in its report. Imports shrank by 31.2 % in May in the annual measurement to 5.6 billion dollars. The fuel and energy ratio is gradually going down in Ukrainian imports. For example, Ukrainian gas imports dropped 2.6 times in May and by 26.1% over the past five months. The imposition of import duties on light cars and reductions of government capital spending and the internal investment demand in general are the reasons behind a 39.5% decrease in imports of engineering products. A decline in imports of consumer goods was also noticed in May. Food imports went down by 14.7 % for the first time since the start of 2012 while industrial imports fell to 27.9 % from 4.5 % in April.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ukrainian banks suffer 375m loss in may Arab Today, arab today ukrainian banks suffer 375m loss in may

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ukrainian banks suffer 375m loss in may Arab Today, arab today ukrainian banks suffer 375m loss in may

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday