Q: How is PrivatBank coping with the economic challenges in Ukraine?
A: Like all Ukrainian banks, PrivatBank faces the pressures of the negative external environment, the challenges of the drop in production and the resulting payment problems. But now we see some signs of stabilisation - the exchange rate of the local currency is strengthening and the outflow of deposits has slowed. The National Bank of Ukraine did not allow major defaults in the banking sector and provided refinancing to banks during this difficult period.
