Solvent banks of Ukraine received 125.6 billion hryvnias in net income for January – October 2024.
The net profit after tax of solvent Ukrainian banks for January-October 2024 amounted to 125.6 billion Hryvnia. This is 2.3% more than the same period last year, according to data from the National Bank.
According to the NBU, the bank’s income for January-October 2024 increased by 15.2%, to 420.7 billion Hryvnia, while interest income increased by 17.0%, to 290.7 billion Hryvnia.
Costs increased by 31.7%, to 295.1 billion hryvnia. Banks increased the reduction of reserves for future losses to UAH 5.6 billion.
The National Bank noted that the main factors of profitability are the maintenance of a high net interest margin and almost zero contribution to reserves at the expense of active operations.
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.
Source: korrespondent
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