“dry” the Ukrainian statistics do not cease to amaze, with no deadlines, and by comparison to this, we have become accustomed, but as it turns out, after examination, and the opposite poles of the realities of life and power applications. Need only ponder. At this time the reason to think the results were released by the National Bank of the banking system and the Ukrainian economy as a whole over the past year.
How to calculate emissions
Thus, according to the NBU, the regulator in 2009 undertook a clean emissions by an amount slightly more than 8 billion UAH. Compared with previous periods of rate is very low. For example, in 2008 and 2007 issue of the hryvnia surpasses 44 billion but, if the sum of the net issue size of the add on purchase NBU internal government debt, that is, in fact, hidden emissions, the result is a more than 42 billion UAH.
It should be noted that the “treatment” crisis emissions made by most countries. U.S., Western Europe, China, Russia actively “pump up” their economy with money, which goryachenkimi came out of the printing press. Ukraine is not in the original. Feature was that we issue carried by a decline in circulation. At the end of 2009, money supply decreased by 5,5% in comparison with 2008, the balances on correspondent accounts of banks decreased by 6,5%.
characteristic feature of the Ukrainian economy in 2009 was the massive “flight” on the cash market hryvnia, then on the exchange. Over the past year of cash had been purchased in excess of $ 9 billion, about 10 billion dollars were converted to non-cash items. As a result, the economy more “turned green” than before the crisis. It would be permissible at the end of the last century, but in the early 21 th in such conditions, the country will not be able to live. Today, one of the main tasks - to reverse the situation. But it must be remembered that a sudden transition from dollars to grivnyu can cause no less a shock than a mass conversion of national currency in a crisis.
on deposits and loans
Next item - “savings”. Thus, the volume of bank deposits up to 2009 decreased by 8,3%. From the banking sector was seized about 30 billion UAH. If not for a moratorium on the payment of deposits in banks with the interim administration, the volume of the outflow would be considerably greater. The moratorium will partially relieve the tension in the market, although a lot of problems for clients financial establishments. It is noteworthy that “the devastation safe” to not physical and legal persons.
They removed from the accounts of more than 25 billion UAH. Individuals later returned to the banks money, but in the form of foreign currency deposits. In general, in 2009, the total amount of foreign currency deposits of the population has increased by 4,7%, while the volume hryvnia - fell by 8,5%. It is not quite favorable ratio. Only the prevalence of hryvnia depositsof legal entities of the foreign exchange balance the situation. For normal operation of dollarization of the economy of Ukraine in this area is highly undesirable. Principal payments we hryvnia, which means that the presence of large amounts of foreign currency deposits will remain on the banks risk situations, that will only worsen the financial sector as a whole.
Now on loans. Following the 2009 volume of loans granted to legal entities grew by more than 27%. Hard to say what this figure more - maliciously or deliberately lying. No credit growth of Ukrainian economy in the 2009th was not, quite the contrary. Total loans issued by banks fell by 2,1%. It is in the United States, China, Germany and France due to the mass distribution of credits attempted to weaken the pressure of crisis. Domestic banks are more involved in problem loans than the issuance of new ones.
In many ways, and “growth” of corporate lending took place due to the fact that in connection with the prohibition of currency “investment” banks began to mass transfer “green” credits hryvnia. Only because the total amount in UAH corporate lending grew by 27%, and the currency - has fallen to 16,7%. Individuals also partially converted to hryvnia currency loans, but most of them repaid. As a result, the total loan portfolio of individuals declined by 14%. But the problem of service previously issued loans remains. The reason - the devaluation of the hryvnia, the decline in real income, the bankruptcy of companies of the construction sector and the stagnation of big business.
Arithmetic rates
most interesting were the indicators of credit and deposit rates. According to NBU, for 2009, the average rate on bank deposits rose by 0.7 percentage points on loans - fell by 2.1 percentage points, which contradicts the theoretical postulates of banking. Average rates show only a general trend for individual banks” performance may differ materially. But the fact remains - in 2009, the financial institution to save the situation, took the unprecedented step of allowing borrowers to pay less for the debts, and to override the newly formed “gap” began to attract money on deposit at inflated rates. This is quite risky, because obviously implies - to stem losses from the difference between the rates banks would need to be constantly nourished a new deposit money and a policy of cheapening of the most deposits. Otherwise, might get an unfavorable situation, when to pay high interest on old deposits will have to attract new even more unfavorable conditions. Puzzle, which requires very high skill, so as not to provoke a new crisis, already a local market for bank deposits.
But it”s all in the past. We are waiting for new interesting developments which I hope will largely instructive and memorable for the history, because 2010 - year of Ukraine”s economy out of crisis …
Natalia Shcherbatyuk, an analyst with FC Factor “
Inflation: annual results and dosage information
current inability to obtain data on all items in the CPI due to the realization that not everything in our calculations smoothly …
Number of vacancies in Ukraine is rapidly decreasing
splash recruitment was observed only in the spring …
Countries where better to invest in real estate in 2010
Completion of the old year and start new - it”s always time to sum up …
Next to the world”s post-crisis development model
experts - on the main economic problems of the country in 2010 …
Time share
finkompany Obama prepares for a new tax …
What will poison the life of Ukrainians in 2010
Where to invest or where to run the Ukrainians in 2010?
Giving a voice, not lishis it!
In Ukraine, that no election - that necessarily fateful …
Analytics - the outcome of the day
Energy, World Stock Market, Currency, Weather …
European stocks fell Friday after shares of banks, Man Group, SAP
Results of finsektora in 2009: arithmetic with an admixture of cunning
“Dry” Ukrainian statistics do not cease to amaze …
“dry” the Ukrainian statistics do not cease to amaze, with no deadlines, and by comparison to this, we have become accustomed, but as it turns out, after examination, and the opposite poles of the realities of life and power applications. Need only ponder. At this time the reason to think the results were released by the National Bank of the banking system and the Ukrainian economy as a whole over the past year.
How to calculate emissions
Thus, according to the NBU, the regulator in 2009 undertook a clean emissions by an amount slightly more than 8 billion UAH. Compared with previous periods of rate is very low. For example, in 2008 and 2007 issue of the hryvnia surpasses 44 billion but, if the sum of the net issue size of the add on purchase NBU internal government debt, that is, in fact, hidden emissions, the result is a more than 42 billion UAH.
It should be noted that the “treatment” crisis emissions made by most countries. U.S., Western Europe, China, Russia actively “pump up” their economy with money, which goryachenkimi came out of the printing press. Ukraine is not in the original. Feature was that we issue carried by a decline in circulation. At the end of 2009, money supply decreased by 5,5% in comparison with 2008, the balances on correspondent accounts of banks decreased by 6,5%.
characteristic feature of the Ukrainian economy in 2009 was the massive “flight” on the cash market hryvnia, then on the exchange. Over the past year of cash had been purchased in excess of $ 9 billion, about 10 billion dollars were converted to non-cash items. As a result, the economy more “turned green” than before the crisis. It would be permissible at the end of the last century, but in the early 21 th in such conditions, the country will not be able to live. Today, one of the main tasks - to reverse the situation. But it must be remembered that a sudden transition from dollars to grivnyu can cause no less a shock than a mass conversion of national currency in a crisis.
on deposits and loans
Next item - “savings”. Thus, the volume of bank deposits up to 2009 decreased by 8,3%. From the banking sector was seized about 30 billion UAH. If not for a moratorium on the payment of deposits in banks with the interim administration, the volume of the outflow would be considerably greater. The moratorium will partially relieve the tension in the market, although a lot of problems for clients financial establishments. It is noteworthy that “the devastation safe” to not physical and legal persons.
They removed from the accounts of more than 25 billion UAH. Individuals later returned to the banks money, but in the form of foreign currency deposits. In general, in 2009, the total amount of foreign currency deposits of the population has increased by 4,7%, while the volume hryvnia - fell by 8,5%. It is not quite favorable ratio. Only the prevalence of hryvnia depositsof legal entities of the foreign exchange balance the situation. For normal operation of dollarization of the economy of Ukraine in this area is highly undesirable. Principal payments we hryvnia, which means that the presence of large amounts of foreign currency deposits will remain on the banks risk situations, that will only worsen the financial sector as a whole.
Now on loans. Following the 2009 volume of loans granted to legal entities grew by more than 27%. Hard to say what this figure more - maliciously or deliberately lying. No credit growth of Ukrainian economy in the 2009th was not, quite the contrary. Total loans issued by banks fell by 2,1%. It is in the United States, China, Germany and France due to the mass distribution of credits attempted to weaken the pressure of crisis. Domestic banks are more involved in problem loans than the issuance of new ones.
In many ways, and “growth” of corporate lending took place due to the fact that in connection with the prohibition of currency “investment” banks began to mass transfer “green” credits hryvnia. Only because the total amount in UAH corporate lending grew by 27%, and the currency - has fallen to 16,7%. Individuals also partially converted to hryvnia currency loans, but most of them repaid. As a result, the total loan portfolio of individuals declined by 14%. But the problem of service previously issued loans remains. The reason - the devaluation of the hryvnia, the decline in real income, the bankruptcy of companies of the construction sector and the stagnation of big business.
Arithmetic rates
most interesting were the indicators of credit and deposit rates. According to NBU, for 2009, the average rate on bank deposits rose by 0.7 percentage points on loans - fell by 2.1 percentage points, which contradicts the theoretical postulates of banking. Average rates show only a general trend for individual banks” performance may differ materially. But the fact remains - in 2009, the financial institution to save the situation, took the unprecedented step of allowing borrowers to pay less for the debts, and to override the newly formed “gap” began to attract money on deposit at inflated rates. This is quite risky, because obviously implies - to stem losses from the difference between the rates banks would need to be constantly nourished a new deposit money and a policy of cheapening of the most deposits. Otherwise, might get an unfavorable situation, when to pay high interest on old deposits will have to attract new even more unfavorable conditions. Puzzle, which requires very high skill, so as not to provoke a new crisis, already a local market for bank deposits.
But it”s all in the past. We are waiting for new interesting developments which I hope will largely instructive and memorable for the history, because 2010 - year of Ukraine”s economy out of crisis …
Natalia Shcherbatyuk, an analyst with FC Factor “
Inflation: annual results and dosage information
current inability to obtain data on all items in the CPI due to the realization that not everything in our calculations smoothly …
Number of vacancies in Ukraine is rapidly decreasing
splash recruitment was observed only in the spring …
Countries where better to invest in real estate in 2010
Completion of the old year and start new - it”s always time to sum up …
Next to the world”s post-crisis development model
experts - on the main economic problems of the country in 2010 …
Time share
finkompany Obama prepares for a new tax …
What will poison the life of Ukrainians in 2010
Where to invest or where to run the Ukrainians in 2010?
Giving a voice, not lishis it!
In Ukraine, that no election - that necessarily fateful …
Analytics - the outcome of the day
Energy, World Stock Market, Currency, Weather …
European stocks fell Friday after shares of banks, Man Group, SAP