Volumes of Internal Debts of Ukrainian Banks Made 800 mln USD
OREANDA-NEWS. August 08, 2008. "The volumes of foreign loans of Ukrainian banks and others commercial institutions, that have place Eurobonds on internal markets, made 800 mln. USD for the first half-year of 2008. This index was below than the indexes for 2007 year", - Igor Egorenko, the Head of Funding & Investor Relations International Business, said.
According to him, such tendency testifies about adverse conjuncture on international finance market that are characterized by reduced liquidity, investors’ activity and also by increased interest rates on this type of funding. In consequence of these reasons, in second half-year, one may expect the lowest level of volume growth of euro bonds attraction, while the gross financial institutions unwillingly place long-term debt securities on the market, and the prices on long-term debt securities would be overwhelming for small and medium-sized businesses.
As for co-loan’s market, according to Igor Egorenko, such type of financing is the most spread among the Ukrainian banks and financial institutions. Beginning from the 2008 year, the banking sector has involved about 1 billion USD. One may expect at the second half of the year, the bank’s activity will be active enough with the use of both public and private attractions.
"Even in spite of crediting tempos slow down, the banks want to increase their volumes of foreign loans, trying to re-finance its international long-term debt securities", - Igor Egorenko marked.
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