Banks in Ukraine earned 67.968 billion hryvnia in five months of this year. This is 26.8% higher than the same period in 2023.
The net profit after tax of solvent banks of Ukraine for January-May 2024 reached 67.968 billion Hryvnia, which is 26.8% more than the same period last year. This was reported by the press service of the National Bank of Ukraine.
According to the regulator, the bank’s income in January-May increased by 19% to 204.534 billion Hryvnia, while interest income increased by 23.3% to 143.195 billion Hryvnia.
Costs increased by 15.6% to 136.566 billion hryvnia. Banks reduced contributions to reserves for future losses by UAH 2.054 billion.
The NBU noted that stable profitability contributes to the continued increase in banks’ capital. This enables the National Bank to further implement European regulatory requirements. By the end of the year, banks’ capital must fully cover credit, market and operational risks in accordance with European requirements.
Let’s recall that in 2023, PrivatBank received a record pre-tax profit of 72.8 billion Hryvnias and paid the state 57 billion Hryvnias in income tax and dividends.
Oschadbank completed 2023 with a net profit of 6 billion hryvnias. This is a record level for the entire period of its work.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.