Solvent banks saw UAH 59 billion of net profit in January-November 2019, which is three times more than a year ago (UAH 19.9 billion), according to a report of the National Bank of Ukraine (NBU) on its Facebook page. According to statistics, banks’ incomes in January-November of the current year increased 23%, to UAH 222.1 billion, and expenses grew by 2%, to UAH 163.1 billion.
The high pace of banks’ incomes was determined by the growth of their net interest and commission incomes by 13% to UAH 73 billion and by 15% to UAH 40 billion, respectively.
In general, gains of all banks from revaluation and purchase and sale operations for the period of January-November 2019 amounted to UAH 15.7 billion, while a year earlier there were losses of UAH 1.52 billion. At the same time, the volume of funds sent to reserves by banks in January-November 2019 decreased by 60%, to UAH 8.6 billion from UAH 21.7 billion for the same period in 2018.
In November 2019, solvent banks increased profit by 13%, or by UAH 7 million.
