Analytics
March 8 – 14, 2017
  • Consumer inflation landed at 1.0% MoM and 14.2% YoY in February
  • The government has recapitalized Oschadbank and Ukreximbank by $200mln and $175mln
  • Fitch has rated DTEK’s 2024 Eurobonds at ‘C’ with intent to upgrade to ‘CCC’ post bank loan restructuring
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March 1 – 7, 2017
  • January’s current account (CA) deficit narrowed to $26mln, while the financial account (FA) reversed to a $177mln outflow
  • International reserves of the NBU remained flat MoM at $15.5bln at the end of February
  • The NBU has kept the discount rate unchanged at 14.0%
  • The IMF has reached a staff-level agreement with Ukraine on the third review
  • Fitch has increased Ferrexpo’s IDR to ‘B-’
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February 22 – 28, 2018
  • Manufacturing and domestic trade in January increased by 5.6% YoY and 3.2% YoY, while agricultural output fell by 2.4%
  • Metinvest’s EBITDA in December increased by 18% MoM to $132mln
  • Kernel Holding’s 2Q17 ex IAS41 EBITDA decreased by 10% YoY to $129mln
  • Pro-Russian separatists are planning to take control of two coal mines belonging to DTEK
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February 15 – 21, 2018
  • Ukraine is almost ready to sign the next IMF memorandum
  • Metinvest’s Yenakiieve Steel and Krasnodon Coal have halted operations
  • MHP has sold its assets in Crimea
  • Privatbank has officially informed noteholders that it is no longer liable to repay its 2018 Eurobond issues totalling $375mln
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February 8 – 14, 2018
  • Real GDP in 4Q16 grew by 4.7% YoY
  • Consumer inflation landed at 1.1% MoM and 12.6% YoY in January
  • Bank FX purchase limits have been increased to 0.5% of regulatory capital per day starting February 9
  • Metinvest 4Q16 hot metal output has decreased by 5% QoQ and 2% YoY to 2.1mlnt
  • Banks reported preliminary 4Q16 results: net income figures for Oschadbank, Ukreximbank, FUIB, and Privatbank at $2mln, - $23mn, $4mln, and -$5.3bln, respectively
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