The recovery will be long: the NBU has evaluated the impact on the economy of energy terror of the Russian Federation
This was reported by the NBU press service on Tuesday, December 27. According to the first deputy head of the NBU Kateryna Rozhkova, trust in the banking system is still stored, and the banking system itself retains liquidity. "Due to the strength that the banking system has received earlier, thanks to reforms and regular stress testing, it is quite good," Kateryna Rozhkova said.
However, the expert believes that large -scale shelling, which began in October 2022, the destruction of energy infrastructure increases the risks to financial stability. "Although the financial sector works uninterruptedly, it will suffer the corresponding losses. These are underpassed income and additional costs of arranging branches for work during blackout periods. Economics, despite the recovery in the second quarter, remains depressed.
This year, GDP will fall somewhere close by one third, and The following year, it will grow slower than it was expected in our previous forecasts, ”Rozhkova stressed. She added that energy terror would also affect the banking sector, reduce the demand for banking services, will lead to additional credit losses. The general banking network where there are system banks should work in critical situations, such as during a possible blackout.
The Power Banking network includes all 14 systematically important banks, the branches of which became the basis of this network. Negotiations are currently underway to join the network of the rest of the banking market. So far, Power Banking includes the following banks: on December 9, the Ministry of Economy of Ukraine also worsened the fall of the gross domestic product (GDP) in 2022 due to Russia's missile attacks.