OREANDA-NEWS. September 14, 2009. The National Bank of Ukraine published the aggregate 8M09 results of Ukrainian banks on its website: net revenues amounted to UAH 95.7 bln and expenditures to UAH 111.1 bln. The banking system's total liabilities as of September 1 were UAH 757.3 bln (up UAH 13.5 bln mom) and assets were UAH 970.8 bln (up UAH 18.9 bln mom).

Concorde Capital: The accumulation of banks’ provisions continues to dominate their expenditures. Since the beginning of 2009, banks’ total assets remained unchanged at UAH 971 bln. At the same time, net assets (net of provisions) dropped 5% from UAH 927 bln to UAH 881 bln. We expect this situation to persist until the beginning of 2010.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.