Ukrainian banks earned UAH 119.4 billion in net profit in the first nine months of 2025, which is 1.9% more than in the same period of 2024, the National Bank of Ukraine (NBU) reported on Friday.
“In the third quarter, active lending remained a key factor supporting banks’ profitability,” the regulator said on its website, according to which net profit for the third quarter was the same as in the first two: UAH 39.9 billion against UAH 40.0 billion in the second quarter and UAH 39.5 billion in the first.
As noted by the NBU, net interest income grew by 15.0% over the first nine months of this year to UAH 198.42 billion, while net commission income grew by 9.9% to UAH 45.94 billion.
At the same time, the result of the revaluation of government bonds and currency purchase and sale transactions decreased by almost 31% to UAH 21.37 billion, while total administrative expenses increased by 19.7% to UAH 93.64 billion.
Over the first nine months of last year, banks increased their provisions by UAH 1.81 billion, while over the same period this year, they more than tripled to UAH 5.87 billion.
In the overall structure of banks’ income and expenses for the first three quarters of this year, the share of interest income increased to 71.1% from 68.7% a year earlier, while the share of interest expenses decreased to 33.5% from 33.7%.
As for the share of commission income, it also increased over the nine months of this year to 21.5% from 21.3% a year earlier, with the share of commission expenses decreasing to 14.7% from 14.8%.
At the same time, the share of general administrative expenses increased to 31.0% from 29.8%.
Income tax for the reporting period amounted to UAH 11.50 billion, compared to UAH 13.40 billion a year earlier.
“Despite sufficient capital levels, banks may face additional risks due to the introduction of an increased income tax rate in 2026,” the National Bank noted.
As reported, on October 21, 2025, the Verkhovna Rada adopted in the first reading bill No. 14097 on the return of the increased tax rate on bank profits at the level of 50% during 2026. 262 people’s deputies voted for the corresponding decision.
