The NBU’s equity capital increased by 29% in the first half of the year

For the first half of 2024, the value of the consolidated financial results of the National Bank of Ukraine reached 122.6 billion Hryvnia. The press service of the NBU reported this on Wednesday, August 28.

The increase in the equity capital of the National Bank in the first half of 2024 by 29% – from UAH 420 billion to UAH 543 billion – is mainly due to the accumulation of profits this year.

At the same time, the greatest impact on profit was caused by the results of the revaluation of financial instruments in the amount of UAH 115.4 billion, which was mainly the result of changes in the official exchange rate and their fair value.

According to the NBU, the average dollar exchange rate in the first half of 2024 is 39.00 UAH/dollar, which is 6.6% higher than the average rate for 2023 (36.57 UAH/dollar).

The value of the consolidated financial results of the National Bank for the first half of this year reached UAH 122.6 billion.

While the aggregate income reflected in the financial statements of the National Bank is not part of the distribution income, which is subject to transfer to the state budget. The National Bank’s obligations in terms of income distribution, subject to transfer to the state budget, will be developed based on the results of the entire 2024 and will be made public in the spring of 2025.

At the end of the half year, the volume of NBU assets remained almost unchanged (decreased by 1%), in comparison with the consolidated data of December 31, 2023, and reached UAH 2.378 trillion.

Let’s recall that on August 1, 2024, Ukraine’s international reserves, according to preliminary data, reached $37,231.9 million. In July, they decreased by 1.8%.