Security of the Financial System of Ukraine under Martial Law

Abstract

The purpose of the article is to present the financial situation in Ukraine and the activities of the National Bank of Ukraine (NBU) for the stability of the financial system during the ongoing war with Russia. The impact of the war on the financial stability of the banking sector is undeniable. The main goal was to analyze and assess the causes of the deteriorating financial situation of the country, the increase in the level of credit risk, the causes of the deterioration of the quality of the loan portfolio, and the increase in the level of non-performing assets in Ukrainian banks. The development of the ratio of assets and liabilities in foreign currencies in Ukrainian banks in the years 2018–2022 was considered. Statistical data published in the reports of the National Bank of Ukraine and the State Statistical Service of Ukraine were used for the analyses and assessments carried out.