Revised data on bank profits and taxes published
The National Bank of Ukraine has published the final version of the banks’ balance sheet reports for 2024, which takes into account adjusting entries. Pre-tax profit decreased by 1% compared to the previous report, while tax payable increased by almost 15%. The total after-tax profit of banks decreased to UAH 90.9 billion. 93% of the additional charges fell on state-owned banks.
The total pre-tax profit of Ukrainian banks for 2024 amounted to UAH 186.8 billion, almost the same as in the previous NBU data. However, after-tax profit fell significantly, by UAH 12.8 billion (i.e., 12%), and now stands at UAH 90.9 billion.
This was due to a significant additional income tax assessment, which ultimately increased by 15% and reached UAH 95.9 billion. Accordingly, taxes will eat up 51% of profits. For comparison, in 2023, this figure was 48%, and in 2022, only 25%.
93% of all additional charges fell on state-owned banks, which is 11.78 billion UAH in additional taxes. Oschadbank paid the most: its income tax after adjustment increased 2.5 times, from 4.3 to 10.66 billion UAH (+6.36 billion UAH).
Ukreximbank paid an additional UAH 2.94 billion — its tax increased 15 times. Sens Bank (formerly Alfa-Bank) — 58 times, to UAH 1.97 billion (+UAH 1.94 billion). The only state-owned bank where the tax decreased was Ukrgasbank: -UAH 455 million.
Banks with foreign capital were charged a total of only UAH 118.57 million.
Banks with private capital were charged UAH 1.34 billion, with the largest amounts going to A-Bank (+UAH 541 million), Bank Pivdenny (+UAH 308 million), and MTB (+UAH 225 million).
The largest increase in income tax after adjustment was recorded by the Ukrainian Bank for Reconstruction and Development, which rose 84 times, from UAH 247,000 to UAH 20.76 million.
Overall, income tax after adjustment increased for 22 banks, by UAH 12.7 billion. At the same time, it decreased by UAH 513.4 million in 12 banks (88.8% of which fell on Ukrgasbank). As a result, the amount of tax exceeded the net profit of banks by UAH 5 billion.
https://opendatabot.ua/analytics/banks-fee-2024
