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Banking sector will remain in the red this year, NBU predicts
Journal Staff Report

KIEV, June 9 – The banking sector in Ukraine will remain loss-making in 2016, the National Bank of Ukraine said in a first financial stability report posted on the central bank's website.

"The banking sector will remain loss-making in 2016 due to large provisions for reserves to cover losses from credit transactions. The restoration of profit-making by banks is expected no earlier than 2017," the NBU said.




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