NBU's assets 3% up in H1 2016

NBU's assets 3% up in H1 2016Assets of the National Bank of Ukraine (NBU) grew by 3% or UAH 24.8 billion in January through June 2016, to UAH 874 billion.

"The largest growth among the central bank's assets was recorded with articles that are part of Ukraine's forex reserves: securities of nonresidents, assets denominated in SDR that grew by 9% or UAH 23.8 billion, to UAH 347.5 billion," Director of the financial controlling department Oleh Strynzha said.

He said that by the end of the first half of 2016 Ukraine's forex reserves reached $14 billion.

He said that credits issued to banks and other borrowers decreased by UAH 18.4 billion, to UAH 404.514 billion.

Total liabilities of the regulator fell by UAH 11.3 billion or 2%, to UAH 715.1 billion.

The portfolio of deposit certificates narrowed by 45%, to UAH 49.7 billion. This is linked to the mitigation of the monetary policy and the tool is losing its attractiveness for banks.

The central bank's net worth increased by UAH 36.1 billion or 29.4%, to UAH 158.918 billion.
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