International rating Agency Fitch Ratings predicts the output of the banks of Ukraine in 2018 on profitable activities, at the same time notes a number of constraints.
“Cleaning the banking sector of Ukraine made significant progress with troubled loans today are mostly recognized and banks are supported by contributions of capital from shareholders. The sector should return to profitability in 2018. However, the indicators will affect the need for redundancy, the cost of funding and limited growth,” according to a press release from Fitch.
Accordingly, the Agency has maintained the “stable” forecast on ratings of banks of Ukraine
“We do not expect significant deterioration in financial performance at most banks,” – noted in a press release.
As reported, the net profit solvency of banks in January-September of 2017 amounted to 1.41 billion UAH . In the first half of this year, the banking system demonstrated a loss-making activity of July 1, according to updated data, the net loss amounted to 1.85 billion UAH.
The net loss of solvent banks in 2016 amounted 159,388 billion.