NBU assets grow by UAH 92 bln in 2016 – preliminary estimates

The main factor of assets growth was a 17%, or $2.2 billion, increase in international reserves up to $15.5 billion over the past year, according to the National Bank of Ukraine (NBU) website.

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The NBU's assets amounted to UAH 940.570 billion, which was more by almost 11% than UAH 848.229 billion reported January 1, 2016, according to preliminary data as of January 1, 2017, without taking into account the results of the external audit.

At the same time, the National Bank noted that its assets in the national currency decreased by UAH 38.4 billion, or 8%, to UAH 439 billion, as a result of a prudent monetary policy to reduce inflation to the target level.

It is also reported that the National Bank's equity capital grew by UAH 71.750 billion, or 1.6 times, to UAH 194.565 billion, mainly due to profits received.

Read alsoFinance Ministry: talks with IMF "at final stage"The National Bank of Ukraine announced that the publication of the final annual report, as well as the distribution of profits to the reserves of the central bank would take place after the audit completion and the approval by the NBU Board and Council before April 30, 2017.

Read alsoUkraine’s central bank spends almost $80 mln to support hryvnia in JanuaryAs UNIAN reported earlier, the National Bank's assets increased by UAH 272 billion, or 47%, in 2015, to UAH 849.2 billion, while its international reserves increased by $5.8 billion, or 77%, to $13.3 billion at the year-end.

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