State-owned PrivatBank again topped the list of the most profitable banks in June 2023 with a net profit of UAH 4 billion 607.1 million, but this time the state-owned Oschadbank, which is second in terms of assets, also showed a commensurate profit – UAH 4 billion 269.9 million.
According to the data released by the National Bank of Ukraine on its website, the top five banks with the highest net profit in June also included Sense Bank, nationalized in late July, with UAH 745.5 million, FUIB with UAH 690.2 million and Ukrsibbank with UAH 671.6 million.
The second five were formed by Citibank – UAH 485.3 million, Ukreximbank – UAH 439.7 million, Ukrgasbank – UAH 411.1 million, Credit Agricole Bank – UAH 393.6 million and OTP Bank – UAH 285.4 million.
Profit over UAH 200 mln was obtained by three more banks: Universal Bank (mono) – UAH 256.7 mln, ING Bank Ukraine – UAH 229.3 mln and Credobank – UAH 219.0 mln.
Among these 13 banks, the largest reserves in May were discharged by FUIB – UAH 1 billion 209.2 million, Privat – UAH 402.9 million, Sens – UAH 303.6 million and Oschadbank – UAH 222.4 million.
Oschad’s success in June was due to a sharp improvement in its trading result: it amounted to UAH 236.9m in the half-year period, while the loss on this item reached UAH 3.3bn at the end of the month.
The list of 17 loss-making banks in June (there were nine such banks in May) was headed by Raiffeisen Bank – UAH 142.9 mln, which added UAH 1 bln 142.3 mln to its reserves. It is followed by Globus – UAH 55.7 mln, Sky Bank – UAH 46.9 mln and Pravex Bank – UAH 36.6 mln.
Overall, in June 2023, banks’ net profit rose to UAH 14.06 billion from UAH 9.59 billion in May and UAH 9.94 billion in April. Excluding Privat and Oschad, net profit of banks in June UAH 5.18 billion against UAH 4.83 billion in May.
While in May the growth of total assets of all banks slowed down to UAH 2.23 billion from UAH 61.53 billion in April, in June it accelerated again to UAH 65.57 billion due to the growth of Privat by UAH 19.51 billion, Oshchad by UAH 11, 09 billion UAH, Ukrsibb – by 5.99 billion UAH, FUIB – by 5.7 billion UAH, Ukrexim – by 5.07 billion UAH, Pivdennyi – by 4.58 billion UAH, Credit Agricole Bank – by 4.17 billion UAH and Raif – by 3.23 billion UAH.
However, the leaders in terms of relative increase in assets in June were SEB Corporate Bank – by UAH 1.28 billion, to UAH 6.64 billion and Ukrbudinvestbank – by UAH 0.5 billion, to UAH 2.47 billion/
The most significant relative decrease in assets in June was demonstrated by Alliance Bank – by UAH 1.41 billion, to UAH 12.42 billion, Deutsche Bank DBU – by UAH 0.77 billion, to UAH 5.11 billion and Bank 3/4 – by UAH 0.21 billion, to UAH 1.52 billion.
In general, following the results of the first half of 2023, PrivatBank remains the most profitable bank by a wide margin – UAH 29.75 billion, or 44.0% of the total net profit of the country’s banking system for this period.
June results allowed Oschad to take the second place with UAH 6.84 billion, while Raif dropped to the fifth place with UAH 3.12 billion, having also missed FUIB with UAH 3.68 billion and Ukrsib with UAH 3.56 billion.
In the second five are OTP Bank – UAH 2.85 billion, City – UAH 2.76 billion, Ukrgas – UAH 2.60 billion, Sense – UAH 2.14 billion and Ukrexim – UAH 1.98 billion.
