Kommersant: Banks have increased attraction of

Written by admin on July 23rd, 2009

National Bank has published an account balance of payments for June. Net repayment of bank debt on loans and bonds for the month totaled $ 720 million, which is 38% more than in the previous month. For the first half-year surplus on short-term loans has proved positive - to the economy came to $ 120 million more than was paid.

In June, banks have attracted $ 172 million in short-term loans more than returned the external creditors. The outflow of short-term loans in the II quarter was 6 times less than in the I - $ 354 million against $ 2.23 billion on an average situation and long-term loans are still worse. In June deficit was $ 998 million in the II quarter has been paid on $ 2.46 billion more than drawn. Recall that in I quarter of the balance was positive and amounted to $ 469 million

Foreign direct investment - $ 204 million, which is virtually unchanged from the previous month. However, increased income of direct investment capital in Ukrainian banks - up to 65% of all funds. The previous month, banks are almost no equity built up. This is due to meet the requirements of the NBU on dokapitalizatsii Ukrainian daughters of foreign banks. In June, renewed outflow of foreign exchange from the banking system. In June of the banks had withdrawn $ 229 million, while in May, inflows totaled $ 134 million

Experts say the reduction of external debt payments on short-term credit linked to the fluctuations of the currency. This is a balancing item. In May of 2008 due to revaluation of hryvnia has been a sharp jump in inflows of short of money to Ukraine. And then came the influx of short-term decline in credit. Accordingly, in June this year and went to drop in payments, - said a senior analyst IK Troika Dialog Ukraine Yevgeny Grebenyuk.

influx of funds from foreign markets will facilitate access to credit the real sector of the economy. The positive trend for short-term loans may be seasonal in nature. Many banks attracted short money, which is sent to the agricultural sector in relation to harvesting, - said analyst IR Socrates Mikhail Salnikov .- It is likely that in the III quarter still will be a little positive, and IV will begin a serious outflow of funds, especially if you meet the expectations for stronger financial crisis.
In

experts expect a further increase in the payment of external debts. In June, the banks involved loans by international organizations and obtain trade financing in connection with the strengthening of export-import operations. In the future, banks will carry out more payments, the loss of the year will increase. If the situation on the international capital markets do not stabilize, then the inflow will not be until mid - 2010 , - predicts debt market analyst at SG Concorde Capital Alexander Klimchuk.

Elena Gubar

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