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Development of Ukrainian Banking System in 2006

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Title: Development of Ukrainian Banking System in 2006


1
Development of Ukrainian Banking System in 2006
Olexandr Kirieiev, Executive Director of Banking
Regulation And Supervision The National Bank of
Ukraine
2
Main Legislative Acts that Regulate the Banking
System Activity
  • Laws of Ukraine
  • On Banks and Banking
  • On the National Bank of Ukraine
  • On Economic Entities
  • On Individuals Deposit Guarantee Fund
  • On Securities and Stock Market
  • On Prevention and Counteraction of Legalization
    (Laundering) of Earnings Received from Criminal
    Activities
  • On Ensuring Creditors Claims and Lien
    Registration
  • On Mortgage
  • On Mortgage Lending, Operations with
    Consolidated Mortgage Debt and Mortgage
    Certificates
  • On Mortgage Bonds
  • On Organization of Forming and Circulation of
    Credit Histories

3
General Characteristic
4
The Number of the Ukrainian Banks (as of January
01, 2007)
  • The number of banks registered in the State
    Register of Banks 193
  • The number of banks with banking licenses 170
  • The number of banks with foreign capital 35,
    including 13 ones with 100 foreign capital

5
Macroeconomic Situation and the Banking System
(as of December 01, 2006)
  • Banks assets to GDP ratio 66
  • Credit portfolio/GDP 54
  • Banks liabilities/GDP 58
  • Individuals deposits/GDP 20,5
  • Capital/GDP 8

6
Dynamics of the Main Banking System Indicators to
GDP
7
The Main Indicators of Ukrainian Banks Activity
(as of January 01, 2007)
  • Assets 340 billion UAH ( 51 billion Euro)
  • Credit portfolio -270 billion UAH (40.6 billion
    Euro)
  • Banks liabilities 298 billion UAH (45 billion
    Euro)
  • Funds of economic agents 77 billion UAH (11.6
    billion Euro)
  • Deposits of individuals 106 billion UAH (16
    billion Euro)
  • Regulatory capital 41 billion UAH (6.2 billion
    Euro)

8
Dynamics of assets and credit operations of
Ukrainian banking System
9
The Structure of Credit Operations of Ukrainian
Banking System (as of 01.01.2007, )
10
Dynamics of credits granted by Ukrainian banks
(in the national and foreign currency)
11
Dynamics of Liabilities, Funds of Economic Agents
and Individual Deposits
12
Dynamics of Individuals Deposits in Ukrainian
Banks
13
Dynamics of the Regulatory Capital and Capital
Adequacy Ratio of Ukrainian Banks
14
(No Transcript)
15
Foreign capital participation in Ukrainian
banking system
16
Share of Foreign Capital in the Total Amount of
Foreign Capital of Banks in the context of
countries ()
17
Main Achievements in the Development of Effective
Banking Supervision
  • Full or significant compliance with the majority
    of Basle Core Principles (23 of 30)
  • Transition to risk-based supervision in process
  • Early warning system is functioning
  • Audit of banks financial reporting is conducted
    in accordance with International Standards of
    Audit
  • Introduction of IAS/IFRS
  • Prevention of money-laundering is based on FATF
    Recommendations and international principles

18
Measures Taken to Increase Capitalization Level
  • Capital adequacy ratio increased from 8 to 10
  • Accrued but not received income is excluded from
    the regulatory capital calculation
  • Changes to the core capital components
    undistributed profit of previous years and that
    of the reporting year which is to be approved are
    included into the supplementary capital
  • Increased minimum capital requirements to conduct
    certain bank operations
  • More strict requirements on inclusion of fixed
    assets revaluation results into the regulatory
    capital

19
Changes in the Legislative Base Introduced in 2006
  • Changes to the Law of Ukraine On Banks and
    Banking regarding the form of banks
    establishment (OJSC) and increase of the minimum
    authorized capital necessary for a bank
    registration up to 10 million Euro.
  • Changes to the Law of Ukraine On Bank and
    Banking which provided for the right of foreign
    banks to open branches on the territory of
    Ukraine.
  • Law of Ukraine On Introducing Changes to Certain
    Laws of Ukraine Concerning the Improvement of
    Legal Regulation of the International Cooperation
    in the Area of Terrorism Financing Prevention
    (effective from January 1, 2006).

20
Legislative Acts under Consideration of Verkhovna
Rada of Ukraine
  • 1. Draft law on introduction of changes to
    certain Laws of Ukraine (with regard to the
    regulation of banks activities) which envisages
    the following
  • Improvement of banks state registration
    procedure
  • Determination of beneficial owners of banks
  • Peculiarities of conducting audit examinations of
    banks as well as enhancement of cooperation
    between supervisory bodies and external auditors
    of banks
  • Cancellation of privileges for connected parties
    while concluding the agreements on bank services
  • Improvement of internal financial monitoring
    procedures in banks to prevent using them for
    money laundering purposes.
  • (This Draft law has passed the first reading in
    January 2007).
  • 2. Draft law on introduction of changes to
    certain Laws of Ukraine aimed at strengthening
    the role of Individuals Deposit Guarantee Fund in
    the development of the banking system.

21
Draft Laws to be submitted to Verkhovna Rada of
Ukraine
  • Draft Law on introduction of changes to the Law
    of Ukraine On Banks and Banking aimed at the
    improvement of corporate governance in banks
  • Draft Law on introduction of changes to the Law
    of Ukraine On Banks and Banking aimed at the
    development of consolidated supervision.

22
Tasks of the National Bank of Ukraine on the Way
of Further Development of Ukrainian Banking System
  • Increase of banks capital concentration and
    improvement of its quality
  • Improvement of corporate governance and risk
    management systems in Ukrainian banks
  • Enhancement of banking system transparency
  • Further improvement of banking supervision by
    means of introducing the risk-based supervision
  • Strengthening of control over the related parties
    transactions
  • Introduction of supervision on consolidated basis
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