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Moody 's improved forecast Ukraine's banking system to "stable " from "negative " on expectations housekeeper recovery of the country in the next 12-18 months, which will help to contain the further deterioration in the quality of bank assets.

It is said in the press release agency, reports "Interfax-Ukraine ".

According to the forecast reflects the agency that the economy of Ukraine will start to go out of the deep recession in the next 12-18 months will help to avoid further deterioration of asset quality.

Moody 's said that the growth of hryvnia deposits and limited refinancing will improve banks' funding over the next 12-18 months, maintaining a stable outlook.

In this case, the stabilization of the hryvnia will help slow the decline solvency of banks.

As reported, the international rating agency Moody 's expects to return to growth in gross domestic product of Ukraine in 2016.

Moody 's expects that in the years 2016-2017 will slow recovery of economic growth in Ukraine, after the last 2 years have been falling by 15%.

In addition, the budget deficit Ukraine is likely to remain within the target of 3.7% of GDP according to the requirements of the International Monetary Fund through reforms in the tax area and reducing subsidies on gas.

However, international financial support will depend on the further progress of economic and political reforms, including measures to combat corruption.
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31-05-2016, 18:20

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