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.
In 2024, TAS Agro agricultural holding achieved financial results of more than $22 million in Net Profit, the company’s CEO Oleg Zapletnyuk said on his Facebook page.
According to him, in 2024, the agricultural holding radically changed its production technology by diversifying its crops by moisture zones and introducing the Strip-Till system with a complete rejection of plowing. In addition, the agricultural holding standardized key processes.
The CEO of TAS Agro recalled that in 2024, $15 million was invested in the renewal of the technical fleet, which made it possible to completely abandon the use of hired equipment (except for combines). This decision made it possible to optimize the number of employees from 1878 to 1540, while the average income increased by 44%.
The agroholding has formed development strategies for the company and its departments for 3 years, implemented a production management system, launched an R&D service, created a service department, started systematically developing livestock and elevator business, and stabilized the land bank.
Mr. Zapletnyuk thanked the team members and partners of the agricultural holding and promised that 2025 would continue to be a year of active changes.
TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.
According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.
The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
The founder of TAS and the beneficiary of the TAS Agro agricultural holding is Sergiy Tigipko.
Banks of Ukraine in January 2022 saw UAH 7.1 billion of net profit, which is 76% more than in the same period of 2020 (UAH 4.1 billion), the National Bank of Ukraine (NBU) has reported.
“Revenue of banks in January grew by 34%, to UAH 24.9 billion, expenses – by 23%, to UAH 17.8 billion,” the regulator said.
According to the results of April-June 2021, the Vodafone Ukraine mobile network operator reached a revenue figure of UAH 4.912 billion, which is 19% more than in the same period of 2020.
According to the operator’s financial report, its net profit for the specified period grew by 20% compared to the same period last year, to UAH 1.211 billion.
OIBDA increased by 31% and reached UAH 2.844 billion, OIBDA margin amounted to 57.9% (in the second quarter of 2020 it was 52.6%).
Vodafone Ukraine said that the main factor of growth was the increase in the consumption of communication services in voice & data tariffs. The gradual recovery in roaming revenues also contributed to the growth in revenues.
The emphasis on the development of 4G networks and the growth in the number of data users was reflected in the increase in consumption of data services and, accordingly, ARPU grew by 21%, to UAH 83.10.
The customer base of Vodafone Ukraine in the second quarter of 2021 slightly decreased – by 0.3%, to 18.9 million users.
At the same time, there was an increase in the segment of contract and corporate connections (from 2.1 million customers in the second quarter of 2020 to 2.4 million in April-June 2021), especially due to an increase in the number of new connections in the IoT segment.
In the second quarter of 2021, roaming revenues from own subscribers increased by 22%, and consumption growth was 57% compared to the third quarter of last year, traditionally the busiest period. “Data consumption in roaming in April-June 2021 exceeded the volume of the same period in 2019. The emerging trend allows us to hope that revenues from roaming will also return to the previous, precocious level next year,” the press service of the operator said.
Vodafone Ukraine also noted an increase in demand for services based on the Internet of Things (IoT) – the number of IoT users increased by 30% over the year, to 1 million.
According to the operator, the most popular IoT applications currently are: security, finance and retail, utilities, transport and logistics.
Vodafone Ukraine noted a certain revival in the mobile retail segment: according to the results of the second quarter, the company increased its profitability and revenue from the sale of equipment in its own retail network.
Capital investments of Vodafone Ukraine in the reporting period amounted to UAH 584 billion (a decrease of 18% compared to April-June 2020) and they are mainly aimed at developing high-speed Internet infrastructure. The company’s total investments in the construction of high-speed mobile Internet networks amounted to UAH 30.3 billion.
Vodafone Ukraine is the second largest mobile operator in Ukraine.
The net profit of Universal Bank (Kyiv) in January-June 2021 amounted to UAH 1.65 billion, which is 5.7 times more than in the same period of 2020 (UAH 288.614 million).
According to the quarterly reports published on the bank’s website, its net profit for the second quarter of 2021 amounted to UAH 782.255 million, which is 6.3 times more than in the corresponding period last year (UAH 123.96 million).
The bank’s net interest income for the six months increased by 2.2 times compared to the same period in 2020, to UAH 2.2 billion, and net commission income – by 1.5 times, to UAH 1.25 billion.
The bank’s assets in January-June increased by 23.2%, to UAH 41.859 billion, including loans and customer debt – by 1.3 times, to UAH 22.19 billion, and cash and cash equivalents – by 8%, to UAH 4.49 billion.
Universal Bank’s liabilities for the first half of the year increased by 20%, to UAH 37.5 billion, including customer funds – by 18.8%, to UAH 32.526 billion.
The bank’s equity capital in January-June grew by 1.6 times, to UAH 4.3 billion, while the charter capital remained at the level of UAH 4.309 billion.
Universal Bank is part of TAS Group of businessman Sergiy Tigipko, which was founded in 1998 and has assets in financial and industrial sectors, agriculture, real estate, pharmaceuticals and venture projects. In addition to Universal Bank, the financial sector of the group includes TAScombank, two insurance companies, and a number of other organizations.
According to the National Bank of Ukraine, as of June 1, 2021, Universal Bank ranked 11th in terms of total assets (UAH 42.96 billion) among 73 banks operating in the country.
PJSC Ukrnafta in January-June 2021 saw a net profit of UAH 1.585 billion versus UAH 2.596 billion of a net loss for the same period in 2020.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission, its net income in the first half of the year increased 1.5 times (by UAH 5.069 billion), to UAH 15.042 billion, gross profit – 3.3 times (by UAH 4.608 billion 607.785 million), to UAH 6.571 billion.
Ukrnafta is the largest oil company in the country. NJSC Naftogaz Ukrainy owns 50% + 1 share in Ukrnafta, a group of companies associated with the former shareholders of PrivatBank – about 42% of shares. Ukrnafta has 25 drilling rigs, 1,891 oil and 162 gas well. The company owns 537 filling stations.
