Banking Sector Growth Continues Unabated in 10M

Sector profits rose 1.5 times yoy in January-October to USD 1.11 bln while banking revenues reached USD 10.5 bln, according to the National Bank of Ukraine. Net assets jumped 52.7% YTD in 10M07, to USD 102.8 bln. During the period, Loan portfolios grew 56.1% YTD to USD 30.0 bln. Banks’ share capital rose 45.8% YTD to USD 12.3 bln. Banking liabilities were up 53.7% YTD to USD 90.6 bln (see yesterday’s research on the sector’s performance for individual bank’s 9M results).