REUTERS
The National Bank of Ukraine (NBU) on August 7 transferred to the state budget the fifth disbursement of its profit worth UAH 5 billion, or US$194 million, according to the regulator's Facebook page.
The NBU has to transfer another UAH 14.4 billion ($559 million) out of the total amount of its profit at UAH 44.4 billion ($1.7 billion), which should be transferred to Ukraine's state budget during this year.
Read alsoAgrarian sector shapes up 12% of Ukraine's GDP – PM GroysmanAccording to the regulator, the schedule of transferring profits to the state budget has been agreed with Ukraine's Finance Ministry and provides monthly tranches for a comparable amount before the end of this year. Such tranches are designed to mitigate the impact of changes government funds on fluctuations in the liquidity of the banking system and contribute to the achievement of the NBU's inflationary goals.
Read alsoProfit of Ukraine's TOP 100 state-run companies soars 20 times in Jan-Sept 2016 As UNIAN reported earlier, four tranches of the NBU's profits totaling UAH 25 billion, or $969.8 million, had been transferred to the state budget (on April 21, May 10, June 8, and July 7) since the beginning of the year.