Projections: Ukrainian banks could see profit in 2012

Ukrainian banks could see profits in 2012, a member of the Forum for Leading International Financial Institutions and Board Chairman of Raiffeisen Bank Aval, Volodymyr Lavrenchuk, said when presenting at a press conference at Interfax-Ukraine on Monday a consensus forecast drawn up by the forum's experts for the development of the country's banking system.

"The banking system in 2009 saw losses, in 2010 the losses reduced, in 2011 there were still losses… but in 2012 the banking system could see profits," the banker said.

According to the consensus forecast, the assets of the banks in 2012 will expand by 8.6% and in 2013 by 14.9%. Credits in 2012 will widen by 6.9% and in 2013 by 12.2%.


Interfax (