So far, Ukraine’s banking profits have not been badly affected by the coronacrisis, although the first signs of a slowdown appeared in May. Ukraine’s banks’ profits are still running ahead of those of last year, which was the first year of strong growth since the economic meltdown in 2015. Thanks to the skill of the central bank, the March currency crisis broke with tradition and did not create a big devaluation and a run on the banks, Olena Bilan, Dragon Capital’s chief economist, said at a recent conference.
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