The bank of businessman Alexander Yaroslavsky, Kredyt Dnipro, does not plan significant changes in its investments in securities, preferring to invest in domestic government bonds (OVGZ), which currently account for 98%, while the remainder is in bonds from G7 countries.
"As in previous periods, the bank will continue to work with OVGZ, denominated in both hryvnias and foreign currencies, particularly in US dollars and euros. Currently, the proportion is such that 98% of our investments are in OVGZ. We do not plan any significant changes in the near future," said the chairman of the financial institution, Sergey Panov, in a brief interview with Interfax-Ukraine.
He added that due to the decrease in the key interest rate by the European Central Bank, bonds from countries like France or Germany are becoming less attractive as a tool for managing currency liquidity.
"At the same time, investments in US government bonds still maintain their investment appeal, but, as I mentioned earlier, we do not plan significant changes in the portfolio's proportion," Panov concluded.
According to the bank's reports for the first three quarters of last year, Kredyt Dnipro's investments in securities increased from 6.81 billion UAH to 9.62 billion UAH. Ukrainian debt securities accounted for the lion's share - 88.6% of all investments. Meanwhile, the volume of foreign securities rose 13.5 times to 1 billion 7.55 billion UAH.
"The growth in investments in foreign securities occurred due to the most reliable short-term bonds from G7 countries, and this was done for effective management of the bank's currency liquidity; the bank's share of investments in foreign securities remains insignificant," commented the bank's chairman.
As of January 1, 2025, according to data from the National Bank of Ukraine (NBU), the financial institution ranked 20th in total assets (24.34 billion UAH) among 61 banks in the country.
Read the full brief interview with the chairman of Kredyt Dnipro Bank on the website of Interfax-Ukraine www.interfax.com.ua