The share of non-performing loans (NPLs) in the banking sector fell by 1 percentage point to 12.92% during January–March 2026, according to data from the National Bank of Ukraine (NBU).
“The decline in the NPL ratio in January–March 2026 was driven by both an increase in the volume of new, higher-quality loans and the resolution of non-performing debts,” the National Bank noted in a press release on its website.
The banking system’s gross loan portfolio grew by 75.84 billion UAH in the first quarter of 2026—to 1 trillion 435.58 billion UAH—including an increase of 3.66 billion UAH in March.
The trend in the gross volume of non-performing loans during the quarter was uneven: after growing in January, the figure declined in February and March, and the March reduction of UAH 5.55 billion accounted for the bulk of the quarterly decrease of UAH 3.82 billion—to UAH 185.49 billion.
A reduction in the NPL ratio in the first quarter of the year was recorded across all bank groups: for banks with state ownership (excluding PrivatBank)—from 25.07% to 23.86%, at PrivatBank—from 8.45% to 7.74%, at financial institutions with foreign capital—from 6.46% to 6.17%, and at private Ukrainian banks—from 8.37% to 7.75%.
In absolute terms, as of April 1, NPLs increased at PrivatBank by UAH 592.0 million, to UAH 19.41 billion, and at banks with foreign capital by UAH 196.43 million, to UAH 18.76 billion.
The top five banks by NPL volume were state-owned banks: Oschadbank with UAH 44.78 billion (UAH 43.83 billion at the start of the year), Ukreximbank – UAH 25.52 billion (UAH 33.19 billion), Sens Bank – UAH 23.92 billion (UAH 22.46 billion), Ukrgasbank – UAH 21.87 billion (UAH 21.79 billion), and PrivatBank – UAH 19.41 billion (UAH 18.82 billion).
The top ten also included Raiffeisen Bank with UAH 8.17 billion (UAH 8.05 billion), PUMB – UAH 5.04 billion (UAH 4.94 billion), TAScombank – UAH 4.06 billion (UAH 4.08 billion), OTP Bank – UAH 3.71 billion (UAH 3.19 billion), and Idea Bank – UAH 3.52 billion (UAH 3.17 billion).
At the same time, Alliance Bank had the highest NPL ratio among banks with the largest loan portfolios—39.9% (49.6%), followed by Sens Bank with 29.8% (28.5%), and Idea Bank rounded out the top three with 28.8% (28.6%).
State-owned banks took fourth through sixth place: Oschadbank – 26.4% (26.5%), Ukreximbank – 20.8% (25.3%), and Ukrgasbank – 19.3% (20.1%).
The top ten also included TAScombank with 16.3% (16.6%), MTB Bank – 11.6% (9.9%), A-Bank – 10.9% (12.0%), and Radabank – 10.6% (12.3%).
The Central Bank noted that in the corporate sector, the share of non-performing loans decreased from 16.99% to 15.73% in the first quarter, and in the retail sector from 10.78% to 10.32%.
As reported, the downward trend in the NPL ratio has continued since early 2023, when it rose to 38.1%. Prior to Russia’s full-scale invasion, non-performing loans in Ukrainian banks had been declining since 2018: from 55% to 27% as of March 1, 2022.
In December 2025, the NPL ratio fell sharply—from 23.9% to 13.9%—after PrivatBank ceased recognizing approximately 140 billion UAH in old hryvnia-denominated assets as non-performing.
