In July 2024, state-owned PrivatBank reduced its net profit by 2.6% compared to June to UAH 6.25 billion, and with this indicator topped the country’s five most profitable banks in July, according to the National Bank of Ukraine (NBU) on its website.
According to the data, Privat is followed by state-owned Oschadbank, which earned UAH 2.18 billion in net profit in July, up from UAH 0.07 billion in June.
Universal Bank (mono) rounded out the top three, increasing its profit almost eightfold compared to June to UAH 0.84 billion.
It is followed by two banks with foreign capital: Credit Agricole and Raiffeisen Bank with UAH 0.62 billion (+28.3% compared to June) and UAH 0.56 billion (+78%) respectively.
The second five most profitable banks in July were led by Ukrsibbank, which increased its net profit by 10.1% to UAH 0.55 billion. It also included: City Bank – UAH 0.54 billion, Ukrgasbank – UAH 0.43 billion, FUIB – UAH 0.42 billion, and Ukreximbank – UAH 0.38 billion.
In July 2024, three other banks made a net profit of over UAH 100 million: OTP Bank – UAH 365.3 million, Pivdenny Bank – UAH 340.7 million, and Kredobank – UAH 193.5 million.
At the same time, the three most unprofitable banks in July were Sens Bank with a net loss of UAH 65.67 million, Alliance Bank – UAH 17.81 million, and Pravex Bank – UAH 13.34 million.
The list of the most profitable banks for the first seven months of this year is also headed by Privat with a large margin – UAH 37.16 billion, followed by Oschadbank with UAH 11.00 billion.
Next in a tighter group are Raif with UAH 4.87 billion, Ukrexim with UAH 4.74 billion, FUIB with UAH 4.24 billion, Credit Agricole with UAH 4.22 billion, Ukrsib with UAH 3.97 billion, and Ukrgas with UAH 3.73 billion.
Six other banks also earned a net profit of more than UAH 1 billion in the first seven months of this year: Mono – UAH 3.19 billion, OTP – UAH 3.00 billion, City – UAH 2.73 billion, Sense – UAH 2.21 billion, Pivdenny – UAH 1.61 billion, and Credo – UAH 1.16 billion.
A-Bank fell just short of this milestone with a profit of UAH 0.92 billion, while ProCredit Bank, which followed it, had a profit of UAH 0.60 billion.
As for unprofitable banks, in January-July, there were 8 out of 62 in Ukraine. Pravex Bank had the worst result at UAH 95.79 billion, followed by Industrialbank at UAH 39.00 billion.
First Investbank and Motor-Bank, which were taken over by the state from their sanctioned owners following a court decision, had a net loss of UAH 25.69 million and UAH 14.69 million, respectively, for the first 7 months of the year.
Overall, in January-July 2024, the net profit of banks increased to UAH 93.62 billion, including private banks – to UAH 13.39 billion. In July, it increased to UAH 14.58 billion from UAH 11.07 billion in June.
Slobozhanshchyna Agro, a subsidiary of IMC, has raised UAH 100 million under the government’s soft loan program Affordable Loans 5-7-9% from PrivatBank (Kyiv).
“Since the beginning of the war, financing agricultural production has become a priority for us. The bank systematically supports and will continue to support Ukrainian agribusinesses operating in the frontline and de-occupied regions,” Yevhen Zaigraev, Board Member for Corporate Business and SMEs, said in a press release.
It is noted that the financing will allow Slobozhanshchyna Agro to maintain its business activities in the frontline region of the country for a year.
Zaigraiev added that the company continues to operate in the Sumy region, where there are still high military risks.
“Thanks to this, the company received a more favorable interest rate under the guarantees of the CMU (Cabinet of Ministers of Ukraine – IF-U),” the release said.
“MK is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The company’s land bank is about 120 thousand hectares in Poltava, Chernihiv and Sumy regions, with storage capacity of 554 thousand tons for the 2023 harvest of 1.002 million tons.
This year, the company purchased 140 Ukrainian-made railcars, and in early August, for the first time, it shipped its products to ports in its own grain cars. According to Privat, the company ships 60-70 thousand tons of grain to ports by rail every month.
In the first half of 2024, IMC Agro Holding increased its net profit by 2.4 times year-on-year to $21.52 million, while its revenue increased by 51% to $108.32 million, while the share of exports decreased slightly to 81.3% from 81.9% a year earlier.
According to the National Bank of Ukraine, as of August 1 this year, PrivatBank ranked first in terms of total assets (UAH 895.26 billion) among 62 banks operating in the country. The financial institution’s net profit last year amounted to UAH 37.76 billion.
In the first half of 2024, clients of PrivatBank (Kyiv) made payments using a bank card or its mobile application totaling UAH 451 billion, which is 27.3% more than in the first half of 2025.
According to the state bank’s statistics released on Thursday, the number of purchases during this time increased to 1.6 million from 1.3 million, thus the average cost of one purchase increased from UAH 269 to UAH 282, or 4.7%.
It is noted that the most popular item of expenditure during this time was the purchase of food: the share of payments in grocery stores and supermarkets in the total volume of non-cash payments was 44%, which is 1.5% percentage points less than in the first half of 2023.
The second place in terms of the share of card spending is occupied by the purchase of medicines and health products – 6.6%, and the third place is occupied by payments in public catering establishments – 6.4%.
The top five is rounded out by spending on clothing and footwear, as well as fuel – 4.5% and 4.2% of the volume of non-cash payments by Ukrainians, respectively.
In addition to the aforementioned goods, Ukrainians often paid for household goods (4%) and electronics and household appliances (3.8%). Expenditures on transportation and recreation amounted to 1.5% and 1.4%, respectively.
According to the National Bank of Ukraine (NBU), as of June 1, 2024, PrivatBank was the leader in total assets (UAH 872.40 billion) among 63 banks operating in Ukraine. Net profit for the previous year amounted to UAH 37.76 billion.
According to the NBU, as of June 1 this year, Privat had 28.5 million active cards, while the total number of cards in the market is about 53 million.
The amount of remuneration to members of the Supervisory Board and Management Board of state-owned PrivatBank (Kyiv) in January-June this year increased by 26.4%, or UAH 24 million, compared to the same period last year, to UAH 115 million, according to the bank’s quarterly report.
According to the report, remuneration to members of the supervisory board and management board of the financial institution included salaries, pension fund contributions, and other short-term payments.
As reported, three state-owned banks, which are among the top five in terms of assets in the country, significantly reduced remuneration for the performance of job functions to members of the supervisory board last year, in particular: PrivatBank – by 38.8%, Oschadbank – by 32%, and Ukreximbank – by 45.8%.
Last year, PrivatBank paid UAH 51.6 million to six independent members of the Supervisory Board and three state representatives, while in 2022 it paid UAH 84.3 million. As for the remuneration of board members, Privat increased it by 1.9% to UAH 78.9 million in 2023.
According to the National Bank of Ukraine (NBU), as of June 1, 2024, PrivatBank was the leader in total assets (UAH 872.40 billion) among 63 banks operating in Ukraine. Net profit for the previous year amounted to UAH 37.76 billion.
JSC CB PrivatBank has put up for sale through the OpenMarket electronic trading system (SE SETAM of the Ministry of Justice of Ukraine) the shopping center “Pryozernyi” in Dnipro. The sale of one of the largest and most attractive shopping centers for retail development in Dnipro is part of the bank’s program of selling non-operating real estate under a transparent and open bidding procedure.
Built in 2009, Priozernyi shopping center is the third largest shopping center in Dnipro (over 32 thousand square meters) and has six above-ground floors and an underground floor with a parking lot and a shelter for visitors during air raids.
“PrivatBank has successfully defended in court the ownership of the Priozerny shopping center, which was transferred to the bank’s balance sheet as collateral for loans before the bank’s nationalization,” says Olena Yevtushenko, Head of Real Estate Management at PrivatBank. – “Retail is not a banking business, so today we are offering a very interesting object at an open auction that can become one of the leaders in the market of retail and entertainment services.
“SETAM has successful experience in selling similar lots from the balance sheets of banks across Ukraine, including PrivatBank. For our part, we guarantee open access to all those wishing to participate (citizens and business representatives) in the auction and an open bidding process,” said Oleksandr Mamro, CEO of SETAM.
The unique advantages of Priozerny shopping center are its convenient location in the city center near the Central Market and railway stations. Also, Priozerny shopping center is currently the only shopping center in the city that has both retail space, office and warehouse space, as well as entertainment and sports areas with swimming pools and a SPA zone.
Depending on the format and size of the outlets, the shopping center can have up to 100 tenants. The shopping center has six elevators and four escalators, a central entrance equipped with a ramp, underground parking for 100 cars, as well as a ground parking lot with 40 parking spaces.
The starting price of the lot is UAH 430,060,700.00 including VAT. The date of the electronic auction is August 28, 2024 (lot No. 556963), the guarantee fee for participation: 5% of the initial sale price of the property (UAH 21,503,035), which will be credited to the sale price.
The lot consists of a shopping center with a total area of 32,408.7 sq.m. located at 1 Maidan Ozernyi (Bobrova) Str., Dnipro, and 12 land plots. In addition to the lot price, the successful bidder is obliged to purchase fixed assets worth UAH 2.2 million including VAT.
Detailed information and conditions of participation in the auction are available here.
In January-June 2024, state-owned PrivatBank (Kyiv) earned UAH 30.6 billion in net profit, up 2.7%, or UAH 0.8 billion, compared to the same period last year, the financial institution said on Wednesday.
“At the same time, the bank’s financial result before tax amounted to UAH 40.7 billion, which is 11% more than in the first half of 2023,” the state bank said.
According to data published on Privat’s website, income tax for the six months amounted to UAH 10.1 billion, compared to UAH 6.9 billion for the same period in 2023, when the rate was 18%, compared to 25% this year.
The bank’s total assets for the first half of the year increased by 1.5% to UAH 692.5 billion.
It is noted that the net loan portfolio of individuals and legal entities of the bank exceeded UAH 102.7 billion, which is 34%, or UAH 26.2 billion, more than last year and 11.6% more than at the beginning of the year.
“Since the beginning of the year, we have been actively lending not only to individuals and micro, small and medium-sized businesses, but also developing loan programs for corporate clients and large businesses in all regions of the country. We pay special attention to enterprises in the frontline regions, as well as to financing households and businesses under alternative energy generation programs,” Gerhard Bösch, Chairman of the Board of PrivatBank, said in a release.
According to the press service, deposits and balances on customer accounts amounted to UAH 681.1 billion, up from UAH 550 billion at the beginning of the year, with growth of UAH 30 billion, or 8%, in hryvnia accounts.
As of the end of the first half of 2024, PrivatBank’s active customer base amounted to 18.3 million individuals and 880 thousand legal entities, which is 50 thousand and 5 thousand less than at the beginning of the year, respectively. The number of Privat24 users reached 13.5 million.
Privat’s network includes 1184 branches (1199 at the beginning of the year), 6854 ATMs (6880), 10,419 thousand terminals (10,473 thousand) and more than 308.6 thousand POS terminals, according to the release.
As reported, at the end of June, it became known that Boesch was dismissed from the post of PrivatBank’s CEO after three years of work. The Supervisory Board of the financial institution has already started the selection process for the vacant position.
