Ukraine’s National Bank transfers $1,5 billion in profit to state budget

Source : 112 Ukraine

This year, it was decided to transfer the entire amount of NBU’s profits at once
08:43, 2 April 2020

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On Wednesday, April 1, the National Bank of Ukraine (NBU) transferred all planned 1,53 billion dollars of profit for 2019 to the state budget. This was reported by NBU’s press service on its Facebook page.

"This year, in agreement with the Ministry of Finance, it was decided to transfer the entire amount of the National Bank's revenues to the state budget at once," the statement reads.

Related: Coronavirus to lead to largest economic crisis since WWII, - UN Secretary General

It is specified that in this way the regulator helps the government in overcoming the epidemic in the country.

As we reported earlier, according to the head of the parliamentary committee on finance, tax, and customs policy Danylo Hetmantsev, the International Monetary Fund (IMF) might provide Ukraine with the first tranche in the sum of four billion dollars right after it adopts the law on the banking.

We have received the official letter, the statement from the IMF that there two conditions, if they are fulfilled, the funds will be transferred to Ukraine, to the state budget. According to our calculations, it should be about $4 billion of loan,” Hetmantsev reported.

Related: How will the poorest country in Europe deal with the сoronavirus?


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