Home / World / Ukraine News Today Feb. 7, 2017: Banks report record $6 bln loss in 2016; Education Ministry revokes licenses of colleges, universities in occupied areas; ATO HQ reports on 78 attacks, 1 soldier wounded

Ukraine News Today Feb. 7, 2017: Banks report record $6 bln loss in 2016; Education Ministry revokes licenses of colleges, universities in occupied areas; ATO HQ reports on 78 attacks, 1 soldier wounded

Ukraine News Today: Banks report record $6 bln loss in 2016; Education Ministry revokes licenses of colleges, universities in occupied areas of Crimea and Luhansk and Donetsk regions; ATO HQ reports on 78 attacks, one soldier wounded in Donbas on Monday
Ukraine News Today Feb. 7, 2017: Banks report record $6 bln loss in 2016; Education Ministry revokes licenses of colleges, universities in occupied areas; ATO HQ reports on 78 attacks, 1 soldier wounded

Ukraine News Today: Banks report record $6 bln loss in 2016

Banks reported on record loss of UAH 159 bln ($5.83 bln) in 2016, according to the National Bank of Ukraine (NBU), Joinfo.com reports with reference to UNIAN.

“The banking sector posted a record high loss in 2016 at UAH 159 billion, which is connected with the reserves formed for [nationalized] PrivatBank’s loan portfolio,” head of financial stability department Vitaliy Vavryshchuk said at a briefing at the NBU.

The central bank expects that the trend will make a U-turn this year and the work of the Ukrainian banking sector will become profitable.

It should be recalled that Ukrainian banks lost in January-November 2016 amounted to UAH 18.884 billion, which was 66.7% lower than the same period in 2015 when they reported UAH 57.3 billion in loss.

In early February, Chairman of the Board of nationalized PrivatBank Oleksandr Shlapak said that the bank’s loss after the formation of the reserves was estimated at UAH 135 billion.

Ukraine revokes licenses of colleges, universities in occupied areas

Ukraine’s Education and Science Ministry has revoked the licenses of higher education institutions located in temporarily occupied territory in Donetsk and Luhansk regions, Crimea and the city of Sevastopol, according to the ministry’s press service, Joinfo.com reports with reference to UNIAN.

“After the annexation of Crimea and military aggression of the Russian Federation in the east of Ukraine in 2014, some higher education institutions have turned out to be in towns and cities where the [Ukrainian] government, particularly the Ministry of Education and Science of Ukraine, cannot exercise powers for the time being,” the report says.

In 2014-2016, nearly two dozen colleges, universities, institutes and academies moved from Donetsk and Luhansk regions and Crimea to Ukrainian-controlled territory.

In particular, 40 “Crimea-Ukraine” and “Donbas-Ukraine” educational centers began work on the basis of these and other licensed universities last year.

About 3,350 people applied to them during last year’s admissions campaign. A special qualification procedure has been developed for those students who got an education in these institutions in Crimea after February 20, 2014, however, want their proficiency, results and the period of study to be recognized in Ukraine.

Moreover, those students from the uncontrolled areas of Donetsk and Luhansk regions who were enrolled for education and are in the Ukrainian electronic database have the right to study in Ukraine.

Ukraine Crisis: Militants launch 78 attacks on Ukrainian military positions in Donbas on Monday

The positions of the Ukrainian Armed Forces had come under fire 78 times in the past day and one Ukrainian serviceman had been wounded, the press center of the Anti-Terrorist Operation (ATO) HQ has reported.

Invaders used heavy weapons prohibited by the Minsk agreements.

Tanks, 152mm artillery, 120mm and 82mm mortars, grenade launchers, large-caliber machineguns and small arms targeted Ukrainian military positions near Avdiyivka in the past day, the press center said. Troitske, Verkhniotoretske, Kamianka, Luhanske, Opytne and Zaitseve in Donetsk region were also shelled.

Militants fired 122mm artillery, grenade launchers and mortars of different calibers on Bohdanivka, Novohryhorivka, Lebedynske, Vodiane, Hnutove, Shyrokyne and Maryinka near the city of Mariupol, the press center said. A tank was used against Shyrokyne, an infantry fighting vehicle against Maryinka, and large-caliber machine guns were fired on Novotroitske.

Krymske in Luhansk region came under 122mm artillery fire more than once, the press center said. Mortars and grenade launchers were used against Zhelte and Krymske, and a tank fired on Novozvanivka.