Not only war: what risks become key to Ukraine banks at the end of 2023

The war with Russia remains the source of the highest risk from the beginning of a full -scale invasion. However, there are unexpected changes. The main source of risk in the financial sector is the full -scale war of Ukraine with Russia, and this is invariably. Also, corruption remained in the second place. This is evidenced by the NBU survey of financial institutions of financial institutions in November 2023 "System Risk Polls".

What else is the financial sector afraid? According to the poll, the Risks of Foreign Capital Inflow (for the first time from May 2022), as well as the quality of the legislation and the tax system (for the first time since November 2019) were included in the top 5. By the way, the risk of quality legislation has risen in the ranking of threats the most sensible: at once nine positions from 14 months in May.

For the first time in a long time, the top 10 risks were concerned about the quality of human capital in the financial sector. At the same time, the impact of the level of economic activity, the value of assets and the quality of collateral, the dynamics of world prices for raw materials, as well as the protection of the rights of creditors and investors, has weakened.

At the same time, according to the researchers, the results of the survey in November 2023 showed positive estimates by respondents of the current state and stability of the financial sector. "The respondents again noted the increase in the sector's resistance to significant negative events: the balance of answers remains at a record high for the year. The survey was conducted in November 2023. The study was attended by the managers of 22 banks, 10 insurers and three investment companies.