The NBU unexpectedly lowered the discount rate for the market: how banks will change lending conditions
Ukrainian banks are trying to revive lending, especially retail: managers call people and individual entrepreneurs, offering loans under various programs. Against the background of declining demand from large enterprises, lending to the population will become a priority for many banks in 2024. The Ministry of Finance interviewed financiers and found out their credit plans for 2024.
NBU raised the official dollar exchange rate to a new maximum
The National Bank of Ukraine set the official hryvnia exchange rate on March 18, 2024 at 38.7998 UAH/$ – a new maximum value. In comparison with the previous banking day (March 15), the NBU reduced the hryvnia exchange rate by 11 kopecks.
Bitcoin fell sharply after historical record
On Friday, March 15, the rate of the first cryptocurrency fell sharply. Yesterday it was above $73,000, and this morning it is fluctuating around $67,500. The asset fell by 7.72% overnight. It should be noted that the fall in Bitcoin occurred after it reached a maximum of $73,803, setting a new record for the fourth day in a row.
The National Bank reduced the discount rate to 14.5%
The Board of the National The bank decided to reduce the discount rate to 14.5% per annum. This was stated by the head of the NBU Andriy Pyshny during a briefing on monetary policy.
How investors are fighting against Kernel's exit from the Warsaw Stock Exchange and why it is important
About a year ago, one of the largest agricultural companies in Ukraine, Kernel, announced plans to delist its shares from the Warsaw Stock Exchange. About half of the minority shareholders quickly agreed to sell their shares at the proposed price. However, some shareholders are trying to stop the delisting through the courts. The Ministry of Finance was looking into what their position was and how long the consideration of the case could last.
The NBU reduced the rate on three-month certificates and on refinancing loans
The NBU reduces the rate on three-month certificates of deposit by 1.5 and. p. – up to 17.5%. In addition, the NBU reduces the rate on refinancing loans by 1.5 and. p. – up to 19.5%. The overnight DS rate will continue to correspond to the level of the discount rate.
Deputies against blocking the accounts of draft dodgers: how will this affect deposit statistics
The outflow of household deposits from banks has stopped. This means that large banks can continue to cut the profitability of deposits, which they do. Over the course of two weeks, 4 financial institutions with a deposit portfolio of individuals starting from UAH 2 billion reduced the earnings of their individual investors. All current offers for individuals from large banks are in our latest deposit review.
Ukraine signed an agreement with the EU to receive 6 billion euros of assistance
Ukraine and the European Union signed an agreement on transition financing for Ukraine. The total volume of the provided preferential funds is 6 billion euros.
The EU may transfer the first income from frozen Russian assets – Financial Times
The European Commission is seeking to speed up the approval of a mechanism that will allow the use of income from frozen sovereign assets of Russia so that Ukraine can receive the first tranche of 2-3 billion euros in July.
The Council Committee removed from the bill on the mobilization of the rule on blocking accounts
The Committee on Homeland Security, Defense and Intelligence voted to exclude the section on restrictions on draft dodgers from the bill on mobilization.
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S&P predicted what the dollar to hryvnia exchange rate will be by the end of the year
The international rating agency S&P Global Ratings expects that the dollar exchange rate will rise to 41.02 UAH/dollar by the end of 2024, and to 43.89 UAH/dollar by the end of next year. According to the agency's base scenario, the government of Ukraine and the NBU will retain their administrative potential even in the face of serious military threats.
No sensation: Getmantsev explained the decline in Ukraine's credit rating
The reduction of the long-term sovereign credit rating and issuer rating in foreign currency of Ukraine from CCC to CC is not a sensation. The head of the Tax Committee of the Russian Federation, Danilo Getmantsev, wrote about this in his telegram channel.
