The central bank and government officials had confidently predicted through the spring that a new tranche – Ukraine had requested $700 million – would be forthcoming in September.

Commercial banks reported a total net profit of 1.059 billion lari ($342 million) from January to June compared to a loss of 477 million lari.

Ukraine's President Volodymyr Zelensky has cried foul over the $11 billion route, calling it a sell-out to the Kremlin leader, though his rhetoric has calmed of late.

The bank widened the interest rate corridor to plus/minus 2 percentage points from plus/minus 1 percentage points.

The rate corridor was kept at plus or minus 1.0 percentage points. The rate on access operations to provide liquidity was set at 10.25 percent, and the rate on access operations to withdraw liquidity at 8.25 percent.

Lenders reported a fall in total net profit of 1.5 percent year-on-year of 366.3 million manats ($215.5 million) in the period from January to June 2021, but an increase from the 273.2 million manats reported a month earlier.

The bank’s assets amounted to 5.7 billion manats, 9.3 percent up from January-June 2020. Liabilities rose by 12.1 percent, amounting to 5.2 billion manats.

The bank said that its assets decreased by 1.2 percent year-on-year to 8.9 billion manats, while its liabilities fell by 3.4 percent to 8.4 billion manats.

This additional issue increased the total amount of Eurobonds in circulation with an interest rate of 6.876 percent to $1.25 billion.