REUTERS

Ukreximbank's annual loss was mainly due to depreciation estimated at UAH 13.294 billion and a UAH 6.824 billion difference in exchange rates of forex operations, which was partly compensated with yields on investment securities, the bank said in an updated annual report on its website.

Read alsoState-owned Ukreximbank reduces losses by 3.5 times in 1QUNIAN's memo. Ukreximbank is a wholly owned state bank. It has been operating on Ukraine's market since 1992. It is one of the largest banks on Ukraine's market.