<a href=NEWS.rin.ru'><a href=NEWS.rin.ru'> NEWS.rin.ru 
10 of July, 13:03

Moody

MOSCOW, 10 Jul - RIA Novosti/Prime. The forecast of the wealth of Ukraine's banking system remains negative, reflecting the extremely complex rules for credit institutions, very anticipated decrease in the quality of assets, depletion of buffer capital and high volatility in the financial sector, informs international rating Agency Moody " s.

"Ukraine continues to face very serious economic, financial and political crises. Tense operating environment will continue to cause a reduction in the quality of assets and Bank reserves. Volume of system-wide bad loans could rise to as much as 60% from 45% as of April 1, 2015, is given in the release word analyst of the Agency Elena Redko.

According to the expert, the Ukrainian banks it is necessary to make additional reserves for possible losses on loans in the amount of 15% of the total loans. These measures are needed to fully cover estimated losses.

Analyst, Moody's predicts that the country's banks will experience difficulties with the repayment of its foreign loans, which will be available in 2015-2016. The banking system of Ukraine will be unprofitable for several years, Redko added.

Severe Crisis of political power affects the economy and the public sector of Ukraine, in fact the country is on the verge of default. In the country increases unemployment, the national currency over one year fell by more than 3 times. In the end, according to the Ministry of Finance of Ukraine, in January 2015 the average salary in the country amounted 3455 hryvnia, or about $ 160. This is one of the lowest figures in the EU.

The latest IMF Forecast for the economy of Ukraine for 2015: GDP decline by 9%, inflation at 46%.

sections: Politics

    Copyright © RIN 2005-