Banking :: Financial :: Credit-Rating

Banking

21.03.2008: Credit-Rating: Struggle against inflation will raise hryvnya`s price and lead to slowdown in lending; Credit-Rating believes that limitation on money stock imposed by the government and the National Bank of Ukraine aiming at restraining the inflation growth may lead to rise in value of resources in hryvnya and banks` restrained lending activity. The government`s and regulator`s efforts aimed at removing of excess in money stock (which gained 52 percent in 2007) entailed sharp rise in refinancing rate, which constrained banks` capacity for attracting of cheap resources from the interbank market...

28.02.2008: Liquidation of EBDS has been prompted by management failures, yet not being initial evidence of financial crisis in Ukraine; On Feb. 22, 2008 the NBU`s decree #39 proclaimed a withdrawal of license and initiating of liquidation procedure of European Bank for Development and Savings OJSC (`Bank`). According to the decree, the major reasons for Bank`s liquidation are aggravation of the Bank`s solvency and Bank`s breaches of the banking law...

04.02.2008: Ukraine`s banking to maintain high growth rates, yet risks remain significant; In Credit-Rating`s view, the national banking system will maintain high growth rates in 2008. Considering tightened requirements for capitalization, the banks will likely to expand their authorized stocks and operations with affiliated parties. Thereat, the proceeds from operations will shrink...