Business news from Ukraine

NET LOSS OF UKRAINIAN BANKS IN JAN-MAY AMOUNTED TO UAH 1.3 BLN AGAINST UAH 24 BLN OF PROFIT FOR SAME PERIOD LAST YEAR

21 June , 2022  

The net loss of Ukrainian banks in January-May 2022 amounted to UAH 1.3 billion against a profit of UAH 23.8 billion for the same period last year, the press service of the National Bank of Ukraine (NBU) reported on Tuesday.
It is indicated that the net profit for May of this year amounted to UAH 6.1 billion, while in April there was a net loss of UAH 7.426 billion.
According to the NBU, the income of banks for 5 months increased by 15% compared to the same period last year – up to UAH 116.5 billion, including interest income – by 18%, to UAH 76.957 billion, while the commission decreased by 8.9 % – up to UAH 31.032 billion.
At the same time, bank expenses in January-May increased by 51% – up to UAH 117.8 billion, including interest expenses – by 4.3%, up to UAH 22.135 billion, commission expenses – by 13.914%, up to UAH 8.4 billion and expenses from deductions to reserves – by 8.2 times, up to UAH 39.2 billion.

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