Business news from Ukraine

Business news from Ukraine

Profit of Ukrainian banks for 7 months. decreased by 10.8 times – NBU

23 August , 2022  

The profit of Ukrainian banks in January-July 2022 decreased by 10.8 times – to UAH 3.4 billion, the press service of the National Bank of Ukraine (NBU) reported on Tuesday.
According to the regulator, the income of banks for 7 months of this year increased by 26% against the figure for the same period last year – up to UAH 189.082 billion. Including commission income increased by 20.5% to UAH 112.374 billion.
At the same time, the result from the revaluation and from purchase and sale operations was positive and amounted to UAH 27.214 billion, while for the same period last year it was negative and amounted to UAH 409 billion.
At the same time, the expenses of the banking system in January-July 2022 increased by 1.68 times compared to this indicator in 2021 – up to UAH 185.675 billion, including deductions to reserves – by 12.3 times, up to UAH 73.56 billion . At the same time, fee and commission expenses increased by 1.87% to UAH 18.8 billion,
As reported, Ukrainian banks doubled their net profit in 2021 to UAH 77.5 billion compared to UAH 41.3 billion in 2020.

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