The net profit after taxation of solvent Ukrainian banks in January-November 2022 amounted to 19.429 billion hryvnias. This is 77% more than in 10 months of the current year.
This is evidenced by the data of the National Bank of Ukraine (NBU).
According to the NBU, bank revenues for January-November 2022 amounted to 322.053 billion hryvnias, expenses 286.899 billion hryvnias.
According to the NBU, banks have formed significant amounts of reserves for expected losses due to the consequences of the war. Deductions to reserves increased 13.6 times compared to January-November 2021 – up to 113 billion hryvnias.
For 9 months of 2022, the profit of the banking sector amounted to UAH 7.4 billion.
As a result of nine months of activity, the state-owned Privatbank made a profit in UAH 13.8 billion, which is UAH 7.4 billion less than last year’s financial result.
According to the results of October 2022, the most profitable Ukrainian became banks “Privatbank”, “Ukrsibbank”, “City”, monobank and OTP, the most unprofitable – “Oshchadbank”, “Ukreximbank” and “Ukrgazbank”.
