Photo from UNIAN
The bank has become the largest recipient of refinancing since the beginning of this year.
Ukraine's state-run Ukrgasbank in December 2018 received UAH 3 billion (US$108.2 million) in refinancing from the National Bank of Ukraine (NBU) for a period exceeding 30 calendar days.
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The bank already received exactly such an amount of refinancing in October 2018, according to the NBU's website.
Thus, Ukrgasbank has become the largest beneficiary of the NBU refinancing since the beginning of the current year, following Ukreximbank that earlier received UAH 2.9 billion ($104.6 million) in loans for over 30 calendar days, PrivatBank (UAH 2.3 billion, or $83 million), Alfa-Bank (UAH 835 million, or $30.1 million), and Pivdennyi Bank (UAH 480 million, or $17.3 million).
It is also reported that Ukrgasbank was provided with the refinancing loan via tender with a pool of its assets put up as collateral, as was case in October.
As UNIAN reported earlier, the debt of Ukrainian banks before the National Bank on refinancing loans amounted to UAH 64.233 billion, or $2.3 billion, as of December 1, 2018, which was 2.7% up from November 1, 2018.