Solvent banks in Ukraine in January-February 2020 received UAH 15.9 billion in net profit, which is 1.8 times more than in the same period in 2019 (UAH 8.7 billion), according to data published on the website of the National Bank of Ukraine (NBU).
According to the report, the income of the banks in the first two months of this year increased by 17.7% against the figure for the same period last year, to UAH 46.2 billion. In particular, commission income rose by 16.5%, to UAH 10.7 billion, the figure from revaluation, sale and purchase transactions grew by 3.6 times, to UAH 7.9 billion.
At the same time, the banking system’s expenses for January-February 2020 decreased by 1% compared to last year’s indicator, to UAH 30.3 billion, in particular, payments to reserves decreased by 2.3 times, to UAH 1.3 billion, while commission expenses increased by 36%, to UAH 3.7 billion.
