Ukrainian banking sector registers losses in 2009

In 2009 Ukrainian banks has lost UAH 38,45 bn (~$4.76 bn) in comparison to the profits of UAH 7.3 bn (~$0.9 bn) in 2008 Association of Ukrainian Banks reports. 

As of January 1 2010 assets of the banking system were at the level of UAH 880.3 (~$109 bn). During 2009 assets decreased by UAH 45,8 bn. 

The main cause of assets decrease was the decrease in credit operations, which account for 79.2% of all assets. The level of bad loans increased by 3.88 during the last year. 

Liabilities of the banks also decreased by UAH  41.7 and were at the level of UAH 765.1 bn (~ $94.8 bn)

Statutory fund of the banks has increased by 44.6% in 2009 to the level of UAH 36.9 bn (~$4.54 bn). Source.