According to the results for January-September this year, state-owned PrivatBank received UAH 50.6 billion in net profit, which is 5% or UAH 2.2 billion more than in January-September last year, according to a press release from the bank on Thursday.
“Business results without revaluations, loan risk reserves, and taxes reached UAH 62.6 billion, an increase of 15% (UAH 8.2 billion) compared to the same period in 2024,” the financial institution said.
According to the bank, it ranks first in the market in terms of profitability, generating more than 43.5% of the banking sector’s pre-tax profit. It is noted that this demonstrates the stability of the chosen business model and the growth of operational efficiency despite external challenges.
According to the release, since the beginning of the year, the bank’s net loan portfolio has grown by UAH 30 billion (+27%), reaching UAH 143 billion as of September 30, 2025. According to its data, PrivatBank ranks first in Ukraine in terms of loan portfolio volume, covering almost 15% of the market. At the same time, the market share of loans to individuals is almost 35%.
During the first nine months of 2025, funds in individual customer accounts increased by UAH 59 billion in equivalent terms (+13%), reaching UAH 505 billion, thanks to which PrivatBank, with a market share of 22.9%, is also the leader in terms of deposits from both legal entities and individuals.
“The basis for the bank’s successful financial results is stable and growing net interest (+19%) and commission (+5%) income compared to the first nine months of 2024,” the release says.
The cost-to-income ratio (CIR) is 24.07%, while the average for all banks is 41.77%.
As of October 2025, PrivatBank’s active customer base was 18.1 million individuals, which is 220,000 fewer than at the end of 2024. On the other hand, the number of business clients increased by 20,000 to 930,000 during this period, while the number of users of the Privat24 mobile app decreased by 150,000 to 13.61 million.
According to NBU statistics, as of October 1, 2025, PrivatBank had 1,096 branches, compared to 1,113 on the same date last year.
The bank’s infrastructure includes 7,100 ATMs and 10,300 self-service terminals. As of October 2025, PrivatBank had over 341,000 POS terminals.
According to the NBU, PrivatBank’s total assets reached UAH 1.001 trillion as of September 1, 2025, or 25.6% of the total assets of the Ukrainian banking system.
PrivatBank ranked 37th in the ranking of the world’s 150 largest acquirers according to the international analytical publication Nilson Report based on the results of 2024, improving its result from last year by three places.
According to the ranking, PrivatBank provided 3 billion 461.3 million purchase transactions made with bank cards.
The Ukrainian bank is 1.2 million behind Chile’s Transbank, which is in the lead, but is 154.2 million transactions ahead of Brazil’s StoneCo, which is in second place.
PrivatBank remains the only Ukrainian representative in the top 150 ranking of the world’s leading banks and financial acquiring companies in terms of the number of payments made with bank cards in the retail network.
At the end of 2024, the bank also rose to 16th place among the 20 largest acquirers in Europe.
“Acquiring is a very cool business, and we are truly a leader in this sector. It combines the needs of retail customers and business customers. Thanks to the products offered alongside acquiring, customers can buy more and sellers can sell more: credit cards, payment in installments, instant installment plans, and so on,” explained Yevhen Zaigraev, member of the PrivatBank board for corporate business and SMEs, in an interview with Interfax-Ukraine.
According to him, the bank knows its customers well—retailers and their statistics—and has even created a separate focus in the corporate segment, focused on various types of retail.
Zaigraev clarified that, unlike mobile operators, the bank does not sell anonymized data from its database, but, like any other bank, uses the accumulated data for analytics in order to make better decisions based on modeling.
“Data is, of course, an advantage. For example, thanks to this information, we have better risk models to provide even higher quality loans. Thanks to this data, we can predict, and have already created models, which products customers need or do not need. As a result, we sell with a much higher conversion rate: depending on the product, 5-7 times higher,” said a member of PrivatBank’s board.
According to him, taking into account things such as AI (artificial intelligence), the potential for using data is very high.
According to the Nilson Report ranking, Russia’s Sberbank became the world’s largest acquirer with an annual volume of nearly 52.1 billion transactions, followed by JPMorgan in the US with 50.8 billion, and Worldpay with 48 billion transactions.
The Nilson Report is a leading international analytical publication specializing in research on the global market for payment cards, electronic payments, and acquiring.
According to PrivatBank, in the first nine months of 2025, Ukrainians paid for goods and services worth UAH 900 billion through the bank’s acquiring ecosystem, which is 20% more than in the same period of 2024.
At the same time, card payments through the Terminal app increased by almost 70% to UAH 10.8 billion, and through the LiqPay internet acquiring service to about UAH 66 billion since the beginning of 2025.
PrivatBank, Ukraine’s largest state-owned bank, increased its corporate loan portfolio by UAH 15.15 billion, or 44.5%, to UAH 49.23 billion in the first nine months of 2025 and plans to continue to grow aggressively and compete in all market segments, said Yevgen Zaigraev, member of the PrivatBank board for corporate business and SMEs.
“We already exceeded our annual plan in September… We are now making plans for the coming years and are also setting fairly aggressive growth rates — higher than the expected market growth rates — because we want to increase our market share in lending,” he said in an interview with Interfax-Ukraine.
According to data from the National Bank of Ukraine, the corporate loan portfolio of the entire banking system of the country grew by 15.1%, or UAH 123.79 billion, to UAH 943.32 billion in the first nine months of this year.
As Zaigraev specified, growth in the microbusiness segment amounted to 18.2%, or UAH 2.57 billion, to UAH 16.71 billion, and in the small business segment, 35.6%, or UAH 3.91 billion, to UAH 14.89 billion.
According to his data, in the medium business segment, over the first nine months of this year, the corporate loan portfolio increased by 44.1%, or UAH 2.26 billion, to UAH 7.38 billion, and in the large corporate business segment, which PrivatBank entered only last year, growth was 2.7 times, or UAH 6.41 billion, to UAH 10.25 billion.
“Growth is higher in large corporate business because the base there was smaller. But in any case, even in micro, small, and medium-sized businesses, we are growing twice as fast as the market today,” commented a member of PrivatBank’s board. According to him, the quality of the loan portfolio is almost perfect thanks to the established risk management procedures: NPL currently stands at approximately 1.5% (excluding the debts of former owners) with a 3-5-fold increase over several years.
He noted that PrivatBank has the capacity to satisfy each of these four segments and will compete in each of them.
“Each of these four segments is an absolute priority for PrivatBank. In each of these segments, we want to grow as much as the market allows,” Zaigraev emphasized.
He recalled that historically, PrivatBank has been more active in the micro and small business segment, so it has a fairly significant market share in these two segments: approximately 40-50% of customers in Ukraine have active accounts with PrivatBank and its services, and about 20% have loans with PrivatBank.
As for the other two segments, according to the board member, after nationalization, the bank began to develop this area only a few years ago, so the share of customers who have active accounts with it is smaller, but it is also quite significant—35-40% of all customers throughout Ukraine.
“However, for the most part, they also had and still have salary projects, acquiring, and foreign currency payments here. We want to provide them with all products and services, and therefore last year we began to actively develop lending and related products for such corporate clients… This means that the potential for growth is greater in the large corporate client segment,” the banker noted.
He recalled that PrivatBank has a total of 930-940 thousand active micro, small, and medium-sized business clients, while its closest competitor has 7-9 times fewer.
Zaigraev clarified that the bank mainly includes sole proprietorships in the microbusiness segment, but also legal entities with annual sales of up to UAH 30 million, small businesses are legal entities with annual sales of UAH 30 million to UAH 300 million, medium or medium corporate businesses are those with annual sales of UAH 300 million to UAH 1.5 billion, and then there are large corporate clients.
According to the NBU, PrivatBank’s total assets reached UAH 1.001 trillion as of September 1, 2025, or 25.6% of the total assets of the Ukrainian banking system.
State-owned PrivatBank (Kyiv) received UAH 17.9 billion in net profit in April-June 2025, which is 7.1%, or UAH 1.1 billion, more than a year ago, when net profit amounted to UAH 16.7 billion.
The bank’s pre-tax profit amounted to UAH 22.7 billion, which is 7.6%, or UAH 1.6 billion, more than in the second quarter of 2024.
According to the report, PrivatBank’s net interest income increased by 20.2% compared to the second quarter of 2024, to UAH 19.2 billion, while net commission income increased by 8.4%, to UAH 6.9 billion.
Net income from foreign exchange transactions for the reporting period increased by 4.9% to UAH 1.46 billion. In the second quarter of 2025, PrivatBank significantly reduced losses from foreign currency revaluation to UAH 306 million, compared to UAH 1.1 billion in the same period last year.
At the same time, employee compensation expenses increased by 31.9% to UAH 3.8 billion, while other operating and administrative expenses increased by 23.7% to UAH 2.9 billion.
Funds in accounts of individuals in the second quarter of 2025 increased by 12.7%, or UAH 73.5 billion, to UAH 654.7 billion, and the number of individual customers increased to 18.04 million.
The volume of PrivatBank’s loans and advances remained stable overall, but their structure changed significantly. In particular, the bank reduced its investments in NBU deposit certificates by 35.1%, from UAH 112.2 billion in the second quarter of 2024 to UAH 72.8 billion in the second quarter of 2025. At the same time, term deposits with other banks increased 10.4 times, from UAH 3.8 billion to UAH 44.3 billion.
It is noted that PrivatBank’s loan portfolio grew by 26.8% to UAH 130.1 billion, and the number of the bank’s business clients increased from 918,000 to 930,000.
At the same time, PrivatBank’s total assets for the second quarter of 2025 increased by 3.9%, or UAH 29.1 billion, to UAH 781.9 billion compared to the first quarter.
As of June 30, 2025, PrivatBank had 1,170 separate divisions registered in the State Register of Banks. Of these, 9 are branches, 1 is a representative office, and 1,160 are offices belonging to various classification groups. Of these branches, 65 are temporarily closed, including 19 in the Luhansk region, 15 in the Donetsk region, 21 in the Zaporizhzhia region, and 10 in the Kherson region.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets among 60 banks, with UAH 945.4 billion, or 25.2% of the market.
Naftogaz Group has attracted a UAH 4.7 billion loan from PrivatBank to fill its underground gas storage facilities with the required volumes of gas, said Serhiy Koretsky, Chairman of the Board of Naftogaz of Ukraine Sergiy Koretsky.
“Naftogaz Group has attracted a UAH 4.7 billion loan from PrivatBank. The funds were used to build up the necessary gas reserves in underground storage facilities for a sustainable heating season,” Koretsky wrote on Facebook on Wednesday.
He noted that cooperation with international financial organizations and partner countries is ongoing.
“I am grateful to the management of PrivatBank for the quick response to our request. I thank the Government for supporting our efforts to prepare for the winter,” said the head of Naftogaz.
The company indicated that it is diversifying sources and routes of gas supply to increase Ukraine’s energy security and resilience in a full-scale war.
As reported, in the spring of 2025, Naftogaz announced its intention to use a EUR 270 million loan from the European Bank for Reconstruction and Development (EBRD) and EUR 140 million in grant funding provided by the Norwegian government through the NORAD fund for the urgent purchase of 1 billion cubic meters of gas. The company has also contracted 440 million cubic meters of liquefied natural gas (LNG) from the Polish concern ORLEN.
State-owned PrivatBank (Kyiv) will put up for sale its “bad” loans totaling UAH 5.2 billion through the SE SETAM platform, which will be open for bidding until July 30, 2025.
“PrivatBank offers professional market participants to register on the platform of the electronic trading system of the Ministry of Justice OpenMarket of SE SETAM until July 30, 2025 to acquire claims on a portfolio of consumer loans to individuals with a total debt of UAH 5.2 billion, which is the initial (starting) price of the lot,” the bank said on its website on Monday.
It is noted that the portfolio includes only the loan principal and accrued interest. The auction will be held in several stages: automatic gradual reduction of the starting price of the lot, submission of closed bids and open bids. The minimum selling price of a lot is 1.2% of the starting price.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets – UAH 945.4 billion, or 25.2% among 60 banks.
As reported, in 2025, PrivatBank had to put up for sale a portfolio of bad loans to individuals totaling more than UAH 5 billion.
