Assets of Ukrainian banking system shrink by 0.29% in Oct

Assets of the Ukrainian banking system as of early November 2017 totaled UAH 1.277 billion, which is 0.29% less than a month ago, according to the National Bank of Ukraine (NBU).

The central bank said that since early 2017 assets grew by 1.08%.

Total assets of banks (not taking into account reserves for active transactions) narrowed by 0.03% in October, to UAH 1.753 trillion, and since early 2017 they grew by 10.25%.

Funds on correspondent accounts at other banks fell by 16.15%, to UAH 112.283 billion. Since early 2017 the decline was 16.91%.

However, growth of the banks' credit portfolio was 1.52%, to UAH 1.007 trillion

The volume of fixed deposits in other banks fell by 5.96%, to UAH 43.977 billion. Since early 2017 the decline was 40.63%.

As of November 1, 2017, 88 banks operated in Ukraine, including 38 banks with foreign capital, including 18 banks with 100% foreign capital.