Ukrainian banks post increase of retail deposits and corporate loans in April

According to the National Bank of Ukraine statistics,Ukrainian banks had aggregate net revenues of UAH 49.6 bln in 4M09 and expenditures of UAH 54.5 bln (vs. UAH 31.0 bln and 27.1 bln, respectively in 4M08). The NBU said the banking system’s equity as of May 1 equaled UAH 753.7 bln, and assets were UAH 939.1 bln. Banks’ retail deposits grew 0.6% mom (+1.1% mom in local currency and +0.1% mom in foreign currencies), the first time since late 2008. Corporate accounts decreased by 2.4% mom, which the NBU attributes to the need for payment of quarterly corporate taxes. In addition, the NBU reported an increase in corporate loans (+0.3% mom), mainly at the cost of a reduction in retail loans (-1.4% mom).