In May, Ukrainian banks re -earned, but in general since the beginning of the year they have been incurring losses.
Banks in Ukraine received 1.3 billion losses in the five months of this year against UAH 23.8 billion over the same period last year. At the same time, banks’ profits rose, according to the National Bank’s website on Tuesday, June 21.
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Net income for May reached UAH 6.1 billion against UAH 7.426 billion loss in April.
In total, in January -May, bank income increased by 15% compared to the same period last year – up to UAH 116.5 billion, including interest income – by 18%, up to UAH 76.957 billion, while the commission decreased by 8.9% – up to UAH 31.032 billion.
At the same time, bank costs increased by 51% to UAH 117.8 billion, including interest costs – by 4.3% to UAH 22.135 billion, commission costs – by 13.914% to UAH 8.4 billion and costs from on reductions in reserves – by 8.2 times, up to UAH 39.2 billion.
According to NBU estimates, Ukrainian banks will lose 20% of their loan portfolio due to the Russian invasion.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.