Business news from Ukraine


17 September , 2019  

The net profit of state-owned PrivatBank in January-August 2019 amounted to UAH 25.8 billion, which is almost three times more than a year ago, Board Chairman Petr Krumphanzl said at a press conference in Dnipro last week. According to him, the bank’s net commission income in January-August 2019 totaled UAH 11.6 billion, and its share of the bank’s income was 45.1%. “The growth in commission income is the result of an increase in the number of active customers and transactions of Privat24 online bank,” the board chairman said.
As reported, Ukraine’s government, at the recommendation of the National Bank of Ukraine (NBU) and former shareholders of PrivatBank, the largest of whom at that time were Kolomoisky and Boholiubov, on December 18, 2016 decided to nationalize PrivatBank, the largest Ukrainian financial institution. The state injected over UAH 155 billion in the bank’s capital.
PrivatBank ranked first as of July 1, 2019 in terms of total assets (UAH 522.422 billion) among 76 operating Ukrainian banks, according to the NBU.