State-owned PrivatBank (Kyiv) received UAH 16.9 billion in net profit in January-March 2025, which is 21.9%, or UAH 3.0 billion, more than a year ago, when net profit amounted to UAH 13.9 billion.
The bank’s pre-tax profit amounted to UAH 22.3 billion, which is 19.1%, or UAH 3.5 billion, more than in the first quarter of 2024.
According to the report, PrivatBank’s net interest income increased by 16.4% compared to the first quarter of 2024, to UAH 18.49 billion, while net commission income increased by 4.9%, to UAH 6.64 billion.
Net income from foreign currency transactions for the reporting period increased by 11.8% to UAH 1.46 billion. In addition, the revaluation of foreign currency brought in another UAH 0.40 billion, while in the first quarter of 2024, the result was negative at UAH 0.90 billion.
At the same time, employee compensation expenses increased by 29.6% to UAH 3.64 billion, while other operating and administrative expenses increased by 11.1% to UAH 2.65 billion.
Funds in accounts of individuals in the first quarter of 2025 increased by 1.6%, or UAH 7.3 billion, to UAH 612.8 billion, while the number of individual customers decreased from 18.32 million to 18.2 million.
It is noted that PrivatBank’s net loan portfolio for January-March grew by UAH 5 billion to UAH 117.8 billion, and the number of the bank’s business clients increased from 910,000 to 918,000.
The bank reported that in the first quarter it carried out a large-scale upgrade of Privat24, including expanding accessibility for all categories of customers. As a result, the number of users grew from 13.76 million to 13.9 million.
At the same time, PrivatBank’s total assets for the first quarter of 2025 decreased by 1.1%, or UAH 8.6 billion, to UAH 752.8 billion compared to the previous quarter.
In addition, during the quarter, the number of PrivatBank branches decreased by three to 1,160, ATMs by 11 to 6,847, while terminals and POS terminals increased by 19 and more than 10 thousand to 10,439 thousand and 326.12 thousand, respectively.
According to the National Bank of Ukraine, PrivatBank ranked first in terms of total assets (UAH 947.13 billion, or 25.3%) among 61 banks at the beginning of this year.
