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Moody's raises outlook for Ukraine's banking system to positive
Journal Staff Report

KYIV, July 9 Moody's Investors Service has raised its outlook for Ukraine's banking system to positive from stable, reflecting the rating agency's expectation that the creditworthiness of the country's banks will improve over the next 12 to 18 months, driven by improving asset quality and a return to profitability.

"Ukraine's economy will continue to recover gradually, stimulating credit demand and improving borrowers' capacity to repay their loans. Now that banks have recognized most of their non-performing loans, provisioning charges should also decline, bolstering profits," Moody's report, "Banking System Outlook Ukraine - Improving asset quality and profitability drive positive outlook," quoted Lev Dorf, an AVP and analyst at Moody's Investors Service, as saying.




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Currencies (in hryvnias)
  18.07.2018 prev
USD 26.22 26.21
RUR 0.420 0.421
EUR 30.70 30.71

Stock Market
  17.07.2018 prev
PFTS 497.8 496.5
source: PFTS

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