The Open Finance concept, when one financial institution is involved in selling other institutions’ products within its chain, has been very specifically implemented in Ukraine. It’s so special that any lack of attention to the other party’s details may result in disastrous impacts on the customer base.

According to September results, income of the Ukrainian banking system decreased by 3.39% compared to August, and expenses increased by 2.68%. As a result, the system has shown UAH 118 mln. losses against UAH 652 mln. profit in August.

All signs of boiling are evident in the unsecured consumer lending market. However, only few market participants realize this fact…

According to the August results, the Ukrainian banking system’s income decreased by 3.42% compared to July, and expenses decreased by 3.37%. The August income reached UAH 652 mln. compared to UAH 683 mln. in July and UAH 335 mln. loss in June.

The banking system reduces its loan share in assets and increases the deposit share in liabilities. Lending reduction, which started in June, is still observed in September.