The losses of the banking system are attributed to the significant increase of transfers into reserves in Q2/2017. The reserves allocations amounted to UAH 12.5bn in Q2. To compared, domestic banks posted UAH 4.1bn in profits in Q1. The major part of the allocations into reserves made Privatbank and Prominvest, explains NBU. At this, losses suffered by the two mentioned banks influenced the general picture of domestic banking system. In the meantime, private banks alone made UAH 1bn in profits in the reporting period.
Banks post UAH 1.85bn (USD 68.5mln) in losses in H1/2017
Notably, the banks suffered losses for UAH 8.5bn in June alone
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