KIEV, April 24 – The losses of operating Ukrainian banks grew more than eightfold year-over-year in Q1, to UAH 16.2 billion, the National Bank of Ukraine reported.

"Losses of functioning banks in the first quarter of 2015 totaled UAH 16.2 billion. In general, since early 2015 Ukrainian banks saw large losses [UAH 80.9 billion], and 80% of them were formed by insolvent banks where temporary administrations are introduced by the Individuals' Deposit Guarantee Fund," reads the report.