Heads of the largest banks and non-bank financial institutions maintained positive assessments of the current state and stability of the financial sector, assessing the state of affairs as the best since 2021.
This is evidenced by the results of the Survey on Systemic Risks of the Financial Sector for May 2025, Ukrainian News Agency reports.
According to the survey, almost half of the respondents assessed the current state of the sector as good or very good.
Overall, this is the best indicator since the full-scale invasion.
Most respondents noted that the state of the financial sector has not changed over the past six months, and three quarters expect its state to remain the same in the next six months.
Slightly less than half of financial institution managers assessed the risk level in the sector as a whole as medium, while the proportion of respondents who assessed the risks as very high decreased in favor of more optimistic assessments.
Therefore, the overall risk level in the financial sector was assessed by financial institutions as moderately high, with a slight improvement compared to the previous survey.
Since November 2022, the majority of respondents have assessed the financial sector’s resilience to significant negative events as medium or high.
According to financial institutions, the main source of systemic risks in the financial sector remains the war with russia, while the risk of fraud and cyber threats has increased significantly (+4 positions since November 2024, second place among the biggest threats).
Risks to the quality of human capital in the financial sector have been among the top five sources of risk for three consecutive surveys (+1 position since November 2024).
At the same time, the risks of law enforcement agencies and the judicial system, as well as the risks of the general level of corruption, the quality of legislation, and the political and social situation in the country, have significantly weakened.
As noted by a quarter of respondents, the risk appetite of financial institutions continues to increase for the third consecutive survey, however, two-thirds of respondents stated that their risk appetite remains unchanged.
As Ukrainian News Agency earlier reported, in April, business weakened expectations regarding the hryvnia exchange rate and assessments of their own economic activity.
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