The credit status of Ukrainian banks will improve over the next 12 – 18 months, analysts say.
International rating Agency Moody’s improved the Outlook for Ukraine’s banking system from stable to positive.
The Agency believes that the creditworthiness of banks in the country will improve over the next 12 – 18 months, driven by improving asset quality and returning to profitability.
“Ukraine’s economy will continue to recover gradually, thereby stimulating demand for loans and improving the ability of borrowers to repay their loans. Now that banks have recognized most of their non-performing loans, provision charges should also be reduced, increasing the profit” – analyst Moody’s Lev Dorf.
Note, the net profit of the banking sector of Ukraine for five months amounted to 12.8 billion. It’s 87% more than last year (6.8 billion UAH).
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