Ukrainian Banks’ Loss Exceeded USD1 Billion from January to April, 2009
The total loss of Ukrainian banks amounted to UAH9.2 billion (USD1.2 billion) from January to April, 2009, compared with profit of UAH3.9 billion (USD0.5 billion) in 2008.
According to National Bank of Ukraine (NBU), from January to April, 2009, income of Ukrainian banks grew by 60.5% to UAH49.740 billion (USD6.49 billion), expenses increased 2.1 times to UAH58.967 billion (USD7.69 billion) in comparison with the last year.
On May, 1, 2009, summary assets of Ukrainian banks amounted to UAH873.4 billion (USD113.9 billion), total assets – UAH939.1 billion (USD122.49 billion), net worth – UAH119.8 billion (USD15.63 billion).
By the results of Q1, 2009, Ukrainian banks’ loss totaled UAH7.02 billion (USD0.92 billion).