The losses of banks in 2016 amounted to UAH 159 billion, according to NBU press release, Finance.ua reports.
«In 2016, the historic high losses of the banking sector was fixed – UAH 159 billion, which are caused by the reservation of credit portfolio of PrivatBank at the end of the year», according to it.
For other banks, the allocations to reserves considerably decreased, and the aggregate losses decreased to UAH 23 billion versus UAH 66 billion in 2015.
NBU notes that there appeared reasons for the return of the banking sector for profitability in 2017 (not taking into account the PrivatBank’s factor).
During 2017, the “reloading” of the banking sector will continue.
NBU expects for the acceleration of growth of deposits versus 2016.
As reported, after the formation of reserves, PrivatBank assesses its losses at UAH 135 bln.
It is assumed that the bank will end 2017 with profit.
