You're reading: Loss of operating Ukrainian banks comes to Hr 11.5 billion as of May 1 – NBU

The loss of operating Ukrainian banks in January through April 2016 reached Hr 11.5 billion. This is 16.7 percent down year-over-year (Hr 13.8 billion), the regulator has reported on its website.

The NBU did not specify data for the whole banking system with insolvent banks.

The regulator said that revenue of banks over the period decreased by 20.2 percent, totaling Hr 56.8 billion.

This is linked to the Hr 3 billion loss from trade transactions seen as a result of the loss from trade with foreign currency and bank metals, while profit in January through April 2015 was Hr 7.6 billion.

The NBU said that credit interest revenue decreased by Hr 4.9 billion.

Securities interest revenue this year grew by Hr 3.1 billion.

Banks’ expenditure in January through April decreased by 19.6 percent, to Hr 68.4 billion. Payments to reserves dropped by 54 percent, to Hr 16.9 billion.

Loss of operating banks in April 2016 compared to March 2016 halved, to Hr 3 billion. Payments to reserves to cover possible losses from active transactions decreased by 51 percent, to Hr 5.7 billion (Hr 10.2 billion in March).

Net interest income in April amounted for Hr 2.7 billion and net fee income – Hr 2.1 billion.

As of May 1, 34 operating banks posted losses of Hr 15.1 billion, including 25 banks in April with Hr 4.7 billion of loss. One bank contributed 72 percent of the total loss.

Some 75 banks saw profit of Hr 3.6 billion, including 84 banks in April (Hr 1.7 billion).