Russian banks under extreme pressure in Ukraine as NPLs soar

Ben Aris in Berlin January 13, 2017

Russia’s banks operating in Ukraine are under extreme pressure and may have to close or sell their businesses as non-performing loans (NLPs) soar and customers close thier accounts because of the low watt war with Russia.

A tale of two countries: Russia vs Ukraine in 2017

Ben Aris in Berlin January 9, 2017

Russia and Ukraine are in focus, as both are expected to begin their recoveries. But the view and situation of the two foes is very different: pundits are probably overly optimistic about Ukraine and overly pessimistic about Russia.

Ukraine's international reserves grew to $15.5bn in 2016

bne IntelliNews January 6, 2017

Ukraine's gross international reserves grew by 1.8% in December to $15.539bn (by 17% during the previous year), the National Bank of Ukraine (NBU) said in a statement on January 5.

Ukraine elites locked in dispute over ‘red lines’ in conflict with Russia

Sergei Kuznetsov in Kyiv January 6, 2017

An oligarch’s call for “painful compromises with Russia” has triggered a storm of accusations among Kyiv-based pro-Western activists, reformers and some lawmakers about surrender.

Ukraine injects $4.1bn into nationalised PrivatBank's equity

bne IntelliNews January 5, 2017

The government has effectively forgiven PrivatBank's former owners about $6bn that they are thought to owe the lender.

Ukraine's Tymoshenko would win Rada and President elections, says poll

bne IntelliNews January 4, 2017

Ukraine’s politicians remain unpopular. The ruling Poroshenko Bloc would barely squeak into the Rada parliament if elections were now held with only 5.8% of the votes, according to a poll by KIIS in December.

Privatbank Eurobond holders may be compensated

bne IntelliNews January 2, 2017

New management of Ukrainian lender says it will "try to find common ground" with Eurobond holders.

Bratislava and Kyiv cheapest cities to enjoy Christmas cheer, survey finds

bne IntelliNews December 23, 2016

A survey has produced a “Christmas Price Index” that shows Bratislava and Kyiv to be the two most affordable capitals in the world to enjoy Christmas shopping, eating, drinking and entertainment.

Ukraine seeks to avoid negative economic impact of PrivatBank takeover

Sergei Kuznetsov in Kyiv December 23, 2016

The Ukrainian authorities and analysts believe any negative impacts from the nationalisation of PrivatBank will be limited and could improve the country’s chances of securing the next tranche of bailout cash from the IMF.

Court battle looms as Ukraine bails in Eurobonds of nationalised PrivatBank

bne IntelliNews December 22, 2016

Some $595mn of PrivatBank’s Eurobonds have been converted into worthless shares in the insolvent bank.

Ukraine's trade and investment numbers improve significantly in Q3

bne IntelliNews December 22, 2016

Ukraine's fixed investment and trade figures improved significantly in the third quarter of 2016 as the burgeoning recover gets under way.

Ukraine parliament approves state budget for 2017

bne IntelliNews December 21, 2016

The Ukrainian parliament supported on December 21 the state budget for 2017, which should help Kyiv secure new funding from the IMF.

KRUK REPORT: Ukraine facing an uncertain 2017

Kateryna Kruk in Kyiv December 20, 2016

In Ukraine the end of December and beginning of January is always a silent period, when most of events and problems slow down. But those problems don’t go away.

How PrivatBank billions vanished through Alpine "transit banks"

Graham Stack in Berlin December 20, 2016

Of $5.6bn feared missing from the capital of Ukraine’s PrivatBank, which the government began to nationalise from December 19, bne IntelliNews traced some $3.1bn (€3bn) that evaporated through a small cluster of European banks since 2014.

Poroshenko says PrivatBank takeover halts direct threat to Ukrainian banking system

bne IntelliNews December 19, 2016

President says nationalisation necessary to save the bank and protect depositors.

Ukrainian authorities take over biggest private lender PrivatBank

bne IntelliNews December 19, 2016

Analysts fear the hole in the oligarch-owned bank's books could reach UAH150bn ($5.7bn).

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