News

Recovering from Privatbank’s Nationalization

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Recent trends offer rather mixed impressions about the economy’s potential in 2017.

On the one side, the steady recovery of economic activity exhibited a 2% y/y increase in GDP in Q3 2016, and industry growth reaching an upbeat 2.1% y/y for November.  On the other hand, however, the authorities recently nationalized the largest domestic private bank, Privatbank. That comes with a potential UAH 116 billion recapitalization price tag, and the full consequences of these developments will only be seen next year.

More about economic perspectives, please, read at our last quarterly report “Recovering from Privatbank’s Nationalization”.

The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.

December 31, 2016