The main thing for the week: the start of the “YES Recovery” program, a sharp slowdown in inflation and the return of bank account seizures
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How banks limit service for military clients and “punish” participants of affordable mortgages
One state bank forced the client to doubt the reliability of individual safes, the other gave a loan at a preferential 7%, and in an hour set the market rate, and also drove the borrower into debt. These are not the only problems that forced our readers to leave feedback on the Ministry of Finance website. In what unpleasant situations did users of financial services get into, and how did the banks react to their complaints in the next People’s Rating.
Ukraine received 189.32 million euros from the World Bank
The general fund of the state budget of Ukraine received 189.32 million euros of funding from the World Bank. The funds are provided on preferential terms by the International Development Association (MAD).
When the West will start financing Ukraine
In the information field, theses are spreading that Western countries are losing their desire and ability to help Ukraine. Does it correspond to reality and how expensive is Ukraine costing allies, said investment banker Sergey Fursa.
Inflation in Ukraine has slowed down sharply: how prices have changed
In April, inflation compared to March amounted to 0.2%, and since the beginning of the year – 3.2%. Annualized inflation in April was 17.9% compared to 21.3% in March. Prices for food and non-alcoholic beverages on the consumer market increased by 0.4%. Pork traveled the most (by 7.4%).
Bankruptcy in the USA: what is happening and should the dollar be removed from the account
A series of bankruptcies of the American Signature Bank, Silvergate, Silicon Valley Bank, First Republic Bank and the possibility that others will join them shook the financial market. Kremlin propagandists relish the theme of the collapse of the American banking system and the gloomy prospects of the dollar. The Ministry of Finance will tell what is really happening.
Will bring order: the new draft law on the market of new buildings and the nuances of buying and selling apartments today (video)
In this video, financial expert Alexey Kozyrev talks with Sergey Kurganov, a practicing realtor, general director of the PROSTOR Realtor Association about the following: the new bill on the market for new buildings, will it be possible to bypass this law when the innovations start working, the nuances of buying and selling apartments now , what will happen to Kyiv City Council and its buildings, what to do if you are a client of Kyiv City Council.
The NBU noticed a slowdown in price growth: is inflation really fading?
This year, prices will grow more slowly, according to the NBU. Recently, the regulator significantly improved its inflation forecast, although the price tags in stores shock customers. The Ministry of Finance found out what the optimism of the National Bank is based on and whether it is really worth expecting a slowdown in inflation.
Americans are leaving home and starting to travel: how this has affected stocks
Last week, the “heat map” of the S&P 500 index was dominated by red shades, but there were also ideas for a good profit. Investment analysts Oleg Lysenko and Denys Bely told the Ministry of Finance about the results of last week and the main events of this week.
In Ukraine, the compensation program for damaged housing “Recovery” has been launched
On May 10, the program of state aid for the restoration of damaged housing “Recovery” was launched in Ukraine. All citizens whose housing has received minor damage as a result of the armed aggression of the Russian Federation and has not yet been repaired will be able to use the program to receive state assistance to restore their housing. It is primarily about replacing windows or doors, repairing the roof, etc.
Large banks already offer hryvnia deposits at 20% per annum
From May 11, the new rules for reserving banks will come into force. It is now extremely unprofitable for financiers to keep clients’ funds in current accounts, place them in short-term hryvnia deposits and attract investments in SVCs. By this time, banks were preparing very actively, raising interest rates on long-term fixed-term deposits. Rates on them will continue to grow, according to the NBU. How much are now paid by financial institutions with a deposit portfolio of private clients of UAH 2 billion — in the latest survey by the Ministry of Finance.
Aleksandr Paraschy: IMF forecasts on the hryvnia exchange rate have nothing to do with reality
According to the negative economic scenario of the IMF, in 2023-2026, the hryvnia may devalue to 44.4-66.5 per dollar. And according to the basic – up to 40.7-53.5 UAH/$. At the beginning of this year, the real exchange rate was about 40.5-41 UAH/$, and the Ukrainian currency strengthened in the beginning of the spring and is now at 37.7-37.8 UAH/$. On the basis of the IMF forecast, the exchange rate estimate was calculated and published by the head of the analytical department of Concorde Capital, Alexander Parashchi. The Ministry of Finance asked the expert about this and asked to learn more about his assessment of the situation on the currency market.
The Ministry of Finance auctioned bonds worth a record 28.5 billion
At the auction on May 9, the Ministry of Finance of Ukraine placed military bonds for a record amount this year — UAH 28.46 billion equivalent, which is UAH 16.45 billion more than last week — UAH 12.01 billion.
The best review of April: how an affordable 7% mortgage in Privatbank turned into an unbearable burden
The editorial office of the Ministry of Finance has determined the winner of the competition for the best review of the work of banks in April. He was a client of Privatbank named NickT, who told his story of obtaining a mortgage at a preferential rate of 7% and being unexpectedly excluded from the program in an hour due to the “extra” 1.7 “squares”. NickT’s experience may be useful to other readers of the Ministry of Finance.
Seizures of bank accounts of clients are returned. Banks will block cards
On April 6, the law “On Amendments to Some Laws of Ukraine on Certain Features of the Organization of Compulsory Execution of Court Decisions and Decisions of Other Bodies During Martial Law” entered into force, so banks will return the arrests of accounts imposed by the executive service due to debts.
International donors provided $14.5 billion to Ukraine in 2022 (infographic)
International donors allocated $14.5 billion to Ukraine as part of the PEACE Project to reimburse priority expenses in 2022. In 2022, Ukraine received UAH 495.3 billion in external financing under the Project.
Source: Ministry of Finance
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