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Ukrainian banks

Why are Ukrainian banks so profitable during war?

Why are Ukrainian banks so profitable during war?

by Dominic Culverwell

Ukraine’s banks are flush with cash. An influx of foreign aid, high interest rates on government bonds, pay rises for soldiers, and central bank policies after the start of the full-scale invasion boosted the sector's profits to 40.5 billion hryvnia ($1 billion) in the first three months of

Ukrainians have purchased $25 billion in domestic government bonds since start of full-scale war

Ukrainians have purchased $25 billion in domestic government bonds since start of full-scale war

by Martin Fornusek

"Thanks to the funds raised from domestic government bonds, we were able to finance more than 200 days of our security and defense, which is equivalent to 15% of Ukraine's GDP (gross domestic product) in 2023. Investments in government bonds have become the second largest source of financing for the State Budget after international aid," Finance Minister Serhii Marchenko said.

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7:09 AM

EU leaders call for tougher sanctions on Russia at G7 summit.

"To achieve peaceful strength we must put more pressure on Russia to secure a real ceasefire, to bring Russia to the negotiating table, and to end this war. Sanctions are critical to that end," European Commission President Ursula von der Leyen said.
3:06 AM

Russia attacks Kyiv Oblast with drones, injuring 1.

Russia launched a series of drone attacks on Kyiv Oblast overnight on June 15-16, targeting both the capital city and regional settlements, according to government officials. A 60-year-old man has been injured.
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