Ukrainian banks see 66.7% decline in loss in 11 months, to UAH 19 bln

Photo from UNIAN

In the same period last year, the banks posted UAH 57.3 billion, or $2.18 billion, in losses.

Read alsoNBU chief voices terms of PrivatBank stabilizationThe banks' losses in November 2016 alone were UAH 6.29 billion, while in the 11 months the banks posed revenue worth UAH 166.14 billion, the regulator reported. Expenses in January-November 2016 stood at UAH 185.03 billion.

As UNIAN reported earlier, total losses posted by Ukraine's operating banks in January-October 2016 were estimated at UAH 12.6 billion, which was 76.8% down on the same period of 2015, when losses totaled UAH 54.5 billion.

In 2015, Ukraine's banking system posted a record high loss of UAH 66.6 billion. This figure did not include insolvent banks' information.