Arab Today, arab today ukrainian banks suffer 375m loss in may
Last Updated : GMT 10:32:05
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.

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 Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
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