Analytics
November 16 – 22, 2016
  • The IMF mission has concluded that Ukraine needs more time to implement key policies
  • Fitch has upgraded MHP’s, Ukreximbank’s and Oschadbank’s IDRs from ‘CCC’ to ‘B-’
  • DTEK has sent out a restructuring offer with slightly improved terms and reported 3Q16 operating results
  • MHP 3Q16 adjusted EBITDA (ex IAS 41) increased by 6% YoY to $119mln
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November 9 – 15, 2016
  • Real GDP in 3Q16 grew by 1.8% YoY
  • Consumer inflation landed at 2.8% MoM and 12.4%YoY in October
  • Fitch has upgraded Ukraine's long-term foreign currency issuer default rating (IDR) from “CCC” to “B-” with a stable outlook
  • The drafted consolidated budget deficit has been increased to 3.2% of GDP from 2.9% previously
  • Ukreximbank’s net income landed at $36mln in 3Q16
  • Oschadbank’s 3Q16 net income remained largely flat QoQ at $6mln
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2 – 8 November, 2016
  • International reserves of the NBU remained flat MoM at $15.5bln by the end of November
  • Metinvest 3Q16 hot metal output has increased by 5% QoQ and 4% YoY to 2.3mlnt
  • FUIB reported 3Q16 net income at $13mln, up by $4mln QoQ
  • PrivatBank broke even on the bottom line in 3Q16
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October 26 – November 1, 2016
  • The current account (CA) in September landed in deficit of $875mln, while the financial account (FA) demonstrated a $1.3bln surplus
  • The NBU has decreased the discount rate by 1.0ppt to 14.0%
  • Metinvest reported a 10% MoM decrease in August adjusted EBITDA
  • DTEK has announced its preliminary Eurobond restructuring terms
  • Ukraine’s 9M16 consolidated budget and public sector broad deficit reached 2.0% and 3.2% of GDP
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October 19 – 25, 2016
  • Manufacturing, domestic trade, and agriculture increased sector output by 2.0% and 10.9%, and 2.6% YoY respectively in September
  • The Parliament has approved the first version of the 2017 consolidated fiscal budget
  • Metinvest has made substantial progress in its Eurobond restructuring process and sees an official launch by the end of November
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