State-owned PrivatBank increased its net profit by 6.3% to UAH 40.14 billion in 2024, retaining its leadership in the top five most profitable banks in the country, according to the National Bank of Ukraine (NBU).
Privat is followed by two other state-owned banks, Oschadbank and Ukreximbank. Oschad increased its net profit by almost 2.5 times to UAH 14.83 billion compared to Eximbank, moving it to third place with a profit of UAH 5.56 billion (+71% y-o-y).
The fourth and fifth positions were taken by banks with foreign capital: Raiffeisen and OTP. The former’s net profit decreased by 10.6% to UAH 4.28 billion, while OTP increased its net profit by 10.9% to UAH 4.12 billion.
The second five most profitable banks in 2024 were headed by Credit Agricole, which increased its net profit by 46.5% to UAH 4.09 billion. It also included: Ukrsibbank – UAH 4.08 billion (-3.4% compared to 2023), FUIB – UAH 3.94 billion (-0.3%), and Sense – UAH 3.81 billion (+33.3%). Universalbank (mono) closes the list, which was able to almost double its net profit last year to UAH 3.72 billion.
According to the NBU statistics, net profit was above the UAH 1 billion mark in four other banks: Citibank – UAH 3.34 billion (-6.9%), Ukrgasbank – UAH 2.91 billion (+50.4%), as well as Pivdenny Bank and A-Bank, which increased their net profit by 2.2 and 2.9 times to UAH 2 billion and UAH 1.36 billion, respectively.
