National Bank of Ukraine
The National Bank of Ukraine devalued the hryvnia by 10 kopecks, setting the official exchange rate at 38. 4924 UAH/USD.
Ukraine and the European Union have signed an agreement to provide €6 billion in soft loans to Ukraine, of which €4. 5 billion will be disbursed in March and the remaining €1.5 billion in April 2024 after the reform indicators are met.
The National Bank of Ukraine has set the official exchange rate at 38. 3825 hryvnia to 1 dollar.
Concorde Bank co-founder Olena Sosiedka accused Danylo Hetmantsev, chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, of calling the bank's shareholders "fraudsters" and "non-Ukrainians" and ordering them to be prosecuted despite the absence of criminal proceedings against them.
The National Bank of Ukraine devalued the hryvnia by 5 kopecks, setting the official exchange rate at 38. 14 UAH/USD and 41.69 UAH/EUR.
Net sales of dollars by the National Bank of Ukraine dropped to $133. 69 million, the lowest in 11 months, as sales of foreign currency more than halved, while purchases remained high.
In February, the National Bank of Ukraine fined Ukrposhta JSC over UAH 17 million and imposed penalties on 3 banks and 13 non-bank financial institutions totaling over UAH 27 million for violations of financial monitoring and currency legislation.
Olena Sosedka, co-founder of Concord Bank, called on President Zelensky to protect Ukrainian business from the arbitrariness of Danylo Hetmantsev, chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, who, she said, unjustifiably destroyed her bank.
In the fourth quarter of 2023, the highest salaries in Ukraine were in the IT sector, and the lowest were for librarians and archivists, according to the State Statistics Service.
The National Bank of Ukraine has raised the official exchange rate of the hryvnia to the US dollar by 18 kopecks to 38. 0836 UAH/$ and to the euro by 11 kopecks to 41.4883 UAH/€ as of March 8.
Canada has officially released a silver coin in the shape of a Ukrainian Easter egg designed by Ukrainian-Canadian artist Tanya Mykytyuk, featuring intricate folk motifs and bright colors.
Changing the rules for disclosing banking secrecy will undermine confidence in the entire banking system, says Concorde Bank co-founder Sosedka.
The National Bank of Ukraine has set the official hryvnia exchange rate for March 7 at 38. 2664 UAH/$, strengthening the hryvnia by 12 kopecks compared to the previous day.
On the instructions of the NBU, Concorde's shareholders were deprived of the right to a fair trial, the bank's co-founder said.
Thanks to lower food prices due to record harvests and lower energy costs, inflation in Ukraine fell sharply in 2023, but is expected to rise moderately this year due to average crop yields and the ongoing effects of the war.
According to the National Bank, in 2023, the number of non-cash card transactions in Ukraine exceeded the pre-war figures, amounting to more than UAH 6 billion.
On March 6, the hryvnia depreciated against the dollar and the euro: the dollar rose by 5 kopeks and the euro by 2-10 kopeks on the buying and selling side.
The NBU has a lenient approach to regulating state-owned banks, unlike private ones, says Concord Bank co-founder Sosedka.
The NBU confirmed that the list of systemically important banks has remained unchanged since 2023, with 15 banks retaining their status.
The level of counterfeit banknotes in Ukraine decreased in 2023 to 2. 1 counterfeits per million hryvnias, down from 2.2 in 2022, while in the EU, counterfeiting was almost eight times higher, according to the National Bank of Ukraine.
The Government of Ukraine raised over UAH 34 billion from the sale of domestic government bonds in January-February 2024, exceeding the redemption volume by more than UAH 20 billion.
The share of non-performing loans in Ukrainian banks slightly decreased to 36. 7% in January, as lending volumes increased and NPLs decreased by UAH 1.9 billion, and most banks adequately assessed their credit risks.
The National Bank of Ukraine sold $320. 9 million on the interbank foreign exchange market over the week, which is half as much as the previous week.
The NBU has determined the list of systemically important payment infrastructure in Ukraine, which includes the electronic payment system as the only systemically important payment system.
The expert says that opening banking secrecy would violate the basic principles of democracy and human rights.
The NBU has issued a new commemorative 5-hryvnia coin depicting parents' hands holding a child as a symbol of family love and trust.
Expert: SBI should appeal to NBU Governor with a motion to remove Zyma, director of the National Bank's legal department.
The National Bank of Ukraine cut foreign currency sales in February to $1. 5 billion, the second consecutive monthly decline.
Companies face difficulties in finding qualified specialists, which pushes wage growth above the inflation rate.
The Ministry of Communities, Territories and Infrastructure of Ukraine is preparing to launch a full-fledged compensation service for destroyed housing, as more than 500 applications for restoration have already been submitted.