12 липня 2016
Bonds
Banking Sector Insight
About to take off
The Ukrainian banking system is bouncing back from the bottom of the financial crisis which was reached in 1H15. Increased solvency and the abundant level of liquidity at most banks paves the way for ...
ICUDebtInsight-20160712.pdf (1.2mb)
9 червня 2016
Bonds
Banking Sector Insight
FUIB announces recapitalization plan
FUIB announces recapitalization plan. A recent stress test has revealed a need for an additional UAH1.2bn in capital (35% share capital increase) that FUIB’s shareholder agreed to provide throu ...
ICUBanksInsight-20160609.pdf (429.3kb)
1 березня 2016
Bonds
Banking Sector Insight
Wheels slip
The Ukrainian banking sector is being transformed in accordance with an earlier plan aimed at boosting solvency and reducing risk. However, interim deadlines have been missed by large margins, with so ...
ICUDebtInsight-20160301.pdf (611.6kb)
8 грудня 2015
Bonds
Bond Market Insight
Debt restructuring: Ukrainian version
After months of negotiations with bondholders since mid-March of this year, the Ministry of Finance recently finalized the key part of the debt deal. At a successful vote at the bondholders' me ...
ICUDebtInsight-20151208.pdf (491.4kb)
25 серпня 2015
Bonds
Banking Sector Insight
Overcoming the challenges
The Ukrainian banking sector remains undercapitalized amid the ongoing financial market instability. While there is still a very challenging period ahead, we believe that the Ukrainian banking sector ...
ICUDebtInsight-20150825.pdf (2.2mb)
10 липня 2015
Bonds
Bond Market Insight
Sensitivity analysis of future public debt
This report provides a projection of what Ukraine’s public debt level might evolve from 2015 through 2025. Assuming ICU's base-case macroeconomic scenario (with a 50% probability) and no external debt ...
ICUDebtInsight-20150710.pdf (843.1kb)
16 червня 2015
Bonds
Oschadbank
Eurobons reprofiling
As we predicted, Oschadbank’s Eurobond restructuring terms mirror those of Ukreximbank’s. The bank has also presented an offer to the Royal Bank of Scotland to exchange subordinated debt for a new Eur ...
ICUDebtInsight-20150616.pdf (244.2kb)
9 червня 2015
Bonds
Bond Market Insight
FUIB 1Q15 IFRS financial results
In its 1Q15 IFRS financial results, First Ukrainian International Bank (FUIB) claimed that its loan portfolio suffered little despite the extreme USD/UAH rate fluctuations. Actively engaged in loan ...
ICUDebtInsight-20150609.pdf (204.7kb)