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Ukraine's Banking System Demonstrates a “Sustainable Development”

Published: August 21, 2012; 16:52 · (Vindobona)

Deputy Head of the National Bank of Ukraine Igor Sorkin commented on the situation in the Ukraine’s banking system for the first half-year 2012. Lending is on the rise.

Ukraine's Banking System Demonstrates a “Sustainable Development” / Picture: © Vindobona.org

According to Sorkin, there were positive developments during this period. ‘Amount of lending increased by UAH 11 billion, which indicates that banks continue to lend to the economy and increase the GDP of the state, despite the difficult conditions in global financial markets. Concerning lending to individuals, there is a positive trend of growth in local currency lending, which…

This article includes a total of 309 words.

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