Bank Capital and Sovereign Debt Holdings: Ukrainian Banks as a Financing Channel for Government Bonds, 2017-2026

This dataset tracks the regulatory and statutory capital of Ukraine's banking system alongside banks' holdings of domestic government bonds (OVDP) and the share of government bonds in total banking system assets, from 2017 to 2026. The dataset is designed to support research on the "banks as a channel for sovereign debt financing" mechanism, sometimes discussed in the literature as financial repression or crowding-in of government debt through the banking system. Government bond holdings grew from 312.5 billion UAH (11.5 billion USD) in 2017 to a peak of 605.2 billion UAH (22.2 billion USD) in 2022, the year the NBU raised the discount rate to 25.0% in response to the full-scale invasion, before falling back and then climbing again to 1,036.3 billion UAH (23.1 billion USD) by 2026. Throughout this period, government bonds have consistently represented between roughly a fifth and a third of total banking system assets, a large and persistent allocation by any international standard. Two derived columns are included for convenience (year-on-year growth in government bond holdings, and a simple regulatory-to-statutory capital ratio as a capital-buffer proxy); both are transparent arithmetic transformations of the underlying source figures, documented in the Dictionary sheet. METHODOLOGY & SOURCES Data were manually compiled from official statistics published by the National Bank of Ukraine (NBU). Figures are reported as of 1 January of the stated year in the source table, meaning each row reflects the position at the end of the previous calendar year; this convention is preserved as published and should be kept in mind when combining this dataset with calendar-year flow variables (such as ROA, ROE, or net profit) from other datasets in this series. USD-equivalent figures use the official NBU exchange rate on the corresponding reporting date. Sources accessed August 2026: - National Bank of Ukraine, Supervisory statistics - Key performance indicators of Ukrainian banks: https://bank.gov.ua/ua/statistic/supervision-statist - Minfin, Bank capital and securities portfolio statistics: https://index.minfin.com.ua/ua/banks/ FILE STRUCTURE - Ukraine_Banking_Sector_Capital_GovtBonds_2017_2026.xlsx - 00_Dictionary: defines every variable - 01_Capital_and_Government_Bonds: the full panel, 2017-2026 (10 observations) - README.txt - this file. CONTACT INFORMATION Illia Kyselov, PhD in Law Associate Professor, Department of Law, Bohdan Khmelnytsky Melitopol State Pedagogical University, Zaporizhzhia, Ukraine CMSA (R), FPWMP (R), and BIDA (R) (Corporate Finance Institute) Email: [e-mail] The author is open to collaboration on Scopus-indexed publications and further research using Ukrainian economic and financial statistics. Inquiries regarding this dataset, potential co-authorship, or data requests are welcome.本数据集覆盖2017至2026年区间，追踪乌克兰银行体系的监管资本与法定资本、各银行持有本国政府债券（OVDP）的规模，以及政府债券占银行体系总资产的比例。 本数据集旨在支撑针对"银行作为主权债务融资渠道"机制的相关研究，该机制在学术文献中有时被称为金融抑制，或通过银行体系推动政府债务挤入的效应。政府债券持有规模从2017年的3125亿乌克兰格里夫纳（UAH，115亿美元）增长至2022年的峰值6052亿乌克兰格里夫纳（222亿美元）；2022年乌克兰国家银行（National Bank of Ukraine, NBU）为应对全面入侵将贴现率上调至25.0%，随后该规模有所回落，之后再度攀升，至2026年达到10363亿乌克兰格里夫纳（231亿美元）。在此期间，政府债券始终占银行体系总资产的五分之一至三分之一左右，无论以何种国际标准衡量，这一配置比例都属于规模可观且持续稳定的资产配置。 为便于使用，数据集额外包含两列衍生指标（政府债券持有量的同比增长率，以及作为资本缓冲代理变量的简易监管资本/法定资本比率）；二者均为原始数据源数值的透明算术变换，相关说明已记录在"词典"工作表中。 ## 方法论与数据来源 本数据集手工整理自乌克兰国家银行（National Bank of Ukraine, NBU）发布的官方统计数据。源数据表中的数值均以对应年份的1月1日为统计时点，这意味着每一行数据反映的是上一公历年末的指标水平；该统计惯例与原始发布内容保持一致，在将本数据集与同系列其他数据集的公历年度流量变量（如资产收益率（Return on Assets, ROA）、净资产收益率（Return on Equity, ROE）或净利润）结合使用时，需留意这一点。美元折算数值采用对应报告日期的乌克兰国家银行官方汇率进行计算。 数据获取时间为2026年8月： - 乌克兰国家银行：监管统计——乌克兰银行核心绩效指标：https://bank.gov.ua/ua/statistic/supervision-statist - 乌克兰财政部（Ministry of Finance, Minfin）：银行资本与证券投资组合统计：https://index.minfin.com.ua/ua/banks/ ## 文件结构 - Ukraine_Banking_Sector_Capital_GovtBonds_2017_2026.xlsx - 00_Dictionary：所有变量的定义说明 - 01_Capital_and_Government_Bonds：完整面板数据，覆盖2017-2026年（共10条观测值） - README.txt：本说明文件。 ## 联系方式 伊利亚·基谢廖夫（Illia Kyselov），法学博士 乌克兰扎波罗热州博赫丹·赫梅利尼茨基梅利托波尔国立师范大学法律系副教授 企业金融研究所（Corporate Finance Institute）认证的CMSA(R)、FPWMP(R)及BIDA(R)持证人 电子邮箱：[e-mail] 作者欢迎围绕斯高帕斯（Scopus）索引期刊论文的合作，以及基于乌克兰经济与金融统计数据的后续研究。若您对本数据集有疑问、有意向共同署名发表，或有数据使用需求，欢迎联系。