The trends of 1Q2009 are just a beginning of transformation of the national banking sector, yet the main development trend of banks for upcoming years has already been laid down. The article is given in Russian
The banks have been mainly affected by the following factors:
decline in macroeconomic indicators and adversities in a number of economy sectors, which has prompted a considerable erosion in the quality of banks' working assets;
volatility in the curr
Pre-crisis trends in agricultural sector The wealth of Ukraine's population, which has increased over recent years, has fueled demand for agriculture produce and thus prompted rise in prices. Many started boosting production striving for strengthening their market standing...
A severe lack of funding in the sector has considerably raised risks of occuring new defaults on bonds issued by construction companies. Whether the number of defaults will rise is greatly contingent upon timeliness of measures taken by the government. Unfortunatley such measures still remain non-materialized...
The economic downturn, which spread across the majority of Ukraine's economy sectors over 2H2008 has lastly affected fulfillment of local budgets by local governments. The growth in unemployment and decreasing salary fund, deteriorating solvency of communal companies have definitely had a negative impact on revenues of the local budgets...
The trends of 1Q2009 are just a beginning of transformation of the national banking sector, yet the main development trend of banks for upcoming years has already been laid down. .The article is given in Russian
Ukraine is currently undergoing a surge in number of defaults, which have mainly been prompted by global economic crisis. Credit-Rating is the first to present the statistic data on defaults of Ukraine-domiciled issuers and to conduct analysis of primary reasons for companies' failures to meet their commitments...
According to 2Q2008 results Credit-Rating agency does not note significant changes in performance of banking institutions rated by the agency. In the framework of quarterly monitoring Credit-Rating publishes results of analysis of performance in 2Q2008 of rated banking institutions...