Business news from Ukraine

Business news from Ukraine

PrivatBank transferred record UAH 32.1 bln in dividends to budget

12 June , 2025  

State-owned PrivatBank (Kyiv) transferred UAH 32.1 billion in dividends to the state budget, which is more than half of all dividend income from state-owned and municipal enterprises planned for 2025.

According to a statement released by the bank on Thursday, PrivatBank, following a decision by its shareholder, transferred UAH 32.1 billion to the budget, which was transferred in full to the treasury accounts.

It is noted that the state budget of Ukraine for 2025 provides for UAH 50 billion in dividend income from state-owned and municipal enterprises.

In accordance with the Cabinet of Ministers’ decision on the distribution of profits, PrivatBank transferred 80% of its net profit for 2024, which amounted to UAH 40.1 billion, to the budget. Thus, the amount of dividends from the bank reached UAH 32.1 billion.

In addition, PrivatBank paid almost UAH 41 billion in income tax in 2024, which is the highest figure among all banks in Ukraine.

According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets with UAH 945.4 billion, or 25.2% among 61 banks.

As reported, PrivatBank topped the ranking of the most profitable banks in the first quarter of 2025 with a net profit of UAH 16.8 billion.

 

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