Why in II half 2009 bankruptcies of the Ukrainian banks are possible? |
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Why in II half 2009 bankruptcies of the Ukrainian banks are possible. The risk of a default of the Ukrainian banks under external loans is still actual for a country financial system In the end of April Ukreksimbank has extinguished the syndicated credit for the sum $345 million Rajffajzen Bank Aval from the beginning of year has listed to creditors $500 million Svedbank recently has paid $34 million under the loan. And after all in the beginning 2009 main risk threatening to the Ukrainian bank system, defaults of domestic financial establishments under external loans were considered. Timely payments under foreign loans of the Ukrainian banks have calmed the western investors. According to company Astrum Investment Management, in April — the beginning of May profitableness of the bank eurobonds, which repayment it is planned for 2009, decreased. «Holders of eurobonds of those banks who have successfully paid off under current credits, have decided that financial establishments and can carry out further in time of the obligations that is why have ceased to sell debt papers», — analyst ИК Dragon Capital Vitaly Vavrishchuk assumes. However, the risk of a default of the Ukrainian banks under external loans is still actual for a country financial system. The peak of payments on foreign debts in bank sector is necessary on the end II — the beginning of III quarter 2009. At this particular time mass defaults of the banks actively involving credits abroad are possible. In I quarter 2009 level of refinancing of external obligations of financial establishments made 81 %, that is for each borrowed dollar banks managed to involve 81 cent of new credits.« However so high percent of refinancing following the results of I quarter is caused first of all by that the Foreign trade and investment bank has allocated to financial establishment of $1 bilion for activity restoration », — Vitaly Vavrishchuk explains. Under forecasts of analysts, in II and III quarters refinancing volumes will be more low as proprietors of banks-debtors (foreign or Ukrainian financial groups) have today serious problems with liquidity. On the average in 2009 banks can refunding only 60–70 % of debts. It means that financial establishments should pay off with creditors a ready cash for the sum $5-6 bilions (total amount of repayment of credits bank system in 2009 — $17 bilions). kontrakty.com.ua/ |
