Ukrainian banks have been increasing their profits for two months in a row

In August alone, the net income of banks exceeded five billion hryvnias, while in seven months – 3.4 billion hryvnias.

The financial situation of Ukrainian banks has been improving for two months in a row, according to data from the National Bank.

If in July banks made a profit of UAH 3.407 billion following the results of seven months, then in August this figure increased by another UAH 5.045 billion.

Thus, in eight months, solvent banks received UAH 8.4 billion of net profit compared to UAH 45.6 billion profit for the same period last year.

Banks’ income increased by 32% compared to the result of January-August 2021 and reached UAH 227.5 billion, expenses – by 72% to UAH 219 billion, including reductions in reserves increased 12.4 times in UAH 89.4 billion hryvnias.

Recall that last year Ukrainian banks received a record profit – UAH 77.530 billion, which is 95.2% more than in 2020 (UAH 39.727 billion).

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