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Daily Insight-Ukraine\'s banks P&L; banking sector liquidity and NBU data on UAH state bondholders
The total sum of net losses generated by Ukraine\'s banking system fell to UAH211m (US$26.4m) in 1Q11, 21x less than in 1Q10 (UAH4.42bn), according to data published by the National Bank of Ukraine (NBU). Banks\' revenue grew 5.5% YoY, to UAH34.35bn in 1Q11, while their expenses fell 6.6% to 34.56bn.