Log in with an existing account
Login:
Password:
Forgot your password? | Register
Ukraine Exchange - The first exchange in Ukraine with direct market access and internet-trading
Register Login
Tuesday, 21.05.2024 06:07
Українська Українська
For Investors
For Brokers
Securities Market
Derivatives Market
Exchange Members
Market Data
Index
Technical Support
About Us
News
E-mail Subscription

Analytics and Market news

Monday, 20 February 2023

Ukraine Weekly Market Monitor

Eavex Capital

The National Bank published an overview of the banking sector, in which it was noted that the net assets of Ukrainian banks increased by 18% YoY in UAH-terms to UAH 2.35 trillion in 2022. Given the weak demand for loans, banks mainly increased the volume of investments in the National Bank’s certificates of deposit. The net corporate loan portfolio in hryvnia increased by only 0.5% YoY in 2022, while the foreign currency loan portfolio decreased by 24% YoY. The state support program “Affordable loans at 5-7-9% interest rate” remains the main driver of hryvnia corporate lending. The volume of the net retail loan portfolio in hryvnia decreased by 33% YoY last year. The main reason for the reduction is the increase in provisions for credit losses. The banking sector, despite significant deductions to reserves, received UAH 24.7bn in net profit in 2022. Among individual banks, Raiffeisen Bank Ukraine posted a net profit of UAH 1.5bn, and Credit Agricole Ukraine reported a rather marginal profit of UAH 31mn. There were very different financial results among state-owned banks, in particular, UkrGasBank had a net loss of UAH 2.8bn, UkrExim had a net loss of UAH 6.9bn, while Oschad posted a net profit of UAH 690mn, and PrivatBank showed a net profit of UAH 30bn, mainly due to interest income from its UAH-denominated government bonds in the portfolio. PrivatBank holds a total of UAH 236bn in government bonds (accounting for 43% of the bank’s net assets).

The Raiffeisen Bank (BAVL) shares fell by 14% to 27 kopecks over the week on the Ukrainian Exchange. In contrast, CentrEnergo (CEEN) rose by 12% to UAH 3.20.

Among stocks of Ukrainian agricultural companies, performance was mixed. MHP (MHPC) shares added 1.2% to USD 3.43, Kernel (KER) gained by 2.4% to PLN 18.9, while Agroton (AGT) declined by 0.6% to PLN 3.23.

On the currency front, the hryvnia edged up by 0.3% to 39.88 UAH/USD on the OTC cash market. The hryvnia has strengthened by 1.8% from 40.60 UAH/USD since the start of the year.  

POLITICS AND ECONOMICS

- The IMF on Track to Discuss Full-Fledged Financing Program for Ukraine

The National Bank of Ukraine has opened a special fundraising account to support the Armed Forces of Ukraine. Please find more at the National Bank’s official website under the link below:

www.bank.gov.ua


full report

Eavex Capital welcomes any questions or comments you may have regarding our research products.
Please contact us by email:

Dmitry Churin, Head of Research, [email protected]



Copyright © Ukrainian Exchange, 2008-2024. All the rights for the information and analytical materials published on this website are protected in compliance with the ukrainian legislation.
Direct Market Access services are provided by the trading participants of the Ukrainian Exchange.
Tel: +38 (044) 495-7474. E-mail: info@ux.ua
Address: Yakubenkivska Street, 7-g, Kyiv, 04107, Ukraine