Ukraine’s ten most profitable banks accounted for 47.68 billion hryvnias, or 88 per cent of the entire banking system’s net profit, in the first half of 2026, according to the Experts Club information and analysis centre, based on data from Opendatabot and NBU statistics published on 19 August.
The total net profit of 59 Ukrainian banks amounted to UAH 54.07 billion. The top 10 included three state-owned banks, five banks with foreign capital, and two banks with Ukrainian private capital.
The ranking was topped by PrivatBank with UAH 24.56 billion in net profit. Universal Bank, on whose platform monobank operates, ranked second with UAH 3.85 billion, while Raiffeisen Bank placed third with UAH 3.57 billion. They were followed by Oschadbank with UAH 3.38 billion, FUIB with UAH 3.12 billion, Ukreximbank with UAH 2.24 billion, OTP Bank with UAH 1.91 billion, Ukrsibbank with UAH 1.85 billion, Citibank with UAH 1.68 billion, and Credit Agricole Bank with UAH 1.53 billion.
At the same time, Universal Bank became one of the few leaders to significantly improve its result: its profit increased from UAH 2.41 billion in the first half of 2025 to UAH 3.85 billion in 2026. PrivatBank, Oschadbank, Raiffeisen Bank, FUIB, Ukreximbank, and most other top-10 banks posted lower net results, largely due to the increased tax burden.
Thus, the Ukrainian banking market remains highly concentrated in terms of profit: nearly nine out of every ten hryvnias of the sector’s net financial result were earned by just ten institutions.
The primary source is Opendatabot, dated August 19, 2026, with calculations based on data from the National Bank of Ukraine.
Ukrainian banks earned UAH 54.07 billion in net profit in the first half of 2026, while their pre-tax profit reached UAH 108.57 billion, the Experts Club information and analytical center reports, based on Opendatabot calculations and data from the National Bank of Ukraine. The material was published on August 19, 2026.
Banks’ income tax expenses amounted to UAH 54.5 billion, thereby exceeding half of the financial result earned before taxation. During the same period last year, banks accrued UAH 21.99 billion in tax.
In its review of the results of solvent banks, the National Bank also reported that the sector’s net profit in the first half of the year amounted to about UAH 54 billion and was 32% lower year-on-year. One of the main reasons was the application of an increased 50% corporate income tax rate for banks in 2026.
At the same time, the banking sector’s operating profitability remains high. According to the NBU, the pre-tax profit of solvent banks in the first half of the year increased by 6.5% compared with the corresponding period of 2025.
In 2025, banks paid corporate income tax at the standard sector rate of 25%, but in 2026 the rate was raised again to 50%. The NBU has repeatedly warned that increased taxation reduces banks’ ability to build up capital and expand lending to the economy.
The primary sources are NBU data and the Opendatabot study dated August 19, 2026.
Banks with Ukrainian private capital earned 9.7 billion UAH in net profit during the first half of 2026, with just two banks—Universal Bank and PUMB—accounting for approximately 72% of this group’s total profit, according to data released on August 19 by Opendatabot.
Universal Bank, under whose banking license monobank operates, earned 3.85 billion UAH, while PUMB earned 3.12 billion UAH. Both institutions ranked among the top five most profitable banks in Ukraine for the first six months of the year.
Universal Bank significantly improved its performance compared to the same period in 2025, when its net profit was 2.41 billion UAH. The bank rose from ninth to second place in the all-Ukrainian profitability ranking.
In total, 30 profitable privately owned banks earned 9.86 billion UAH, while nine unprofitable institutions in this group posted a combined net loss of 161.78 million UAH. Privately owned banks’ income tax expenses totaled 9.87 billion UAH.
By comparison, 15 banks with foreign capital generated 11.91 billion UAH in net profit, or 22% of the entire banking system’s total profit. Among them, Raiffeisen Bank posted the highest profit in the first half of the year—3.57 billion UAH—followed by OTP Bank with 1.91 billion UAH, UkrSibbank with 1.85 billion UAH, Citibank with 1.68 billion UAH, and Credit Agricole Bank with 1.53 billion UAH. All five made it into the overall top 10.
Of the 15 banks with foreign capital, 13 ended the first half of the year with a profit. Pravex Bank and the transitional bank UTE Bank posted a combined loss of about 43 million UAH.
In the first half of 2026, PJSC “Podillya Food Company” increased its net profit by 42.4% compared to the first half of 2025, reaching 587.25 million UAH.
As the company reported in the National Securities and Stock Market Commission’s (NSSMC) disclosure system, it increased its revenue 2.4-fold to 2.48 billion UAH.
According to the report, gross profit rose 4.1-fold to 541.74 million UAH, while operating profit increased by 44% to 710.91 million UAH.
Since the beginning of the year, the company’s assets have increased by 0.8% to 9.46 billion UAH, while equity rose by 12.4% to 5.34 billion UAH, including retained earnings, which increased by 12.4% to 5.33 billion UAH.
The company’s current assets increased by 5.3% over the first half of the year to 6.36 billion UAH; specifically, trade and other current receivables rose by 2% to 3.36 billion UAH, while total liabilities decreased by 11% to 4.12 billion UAH.
According to the report, in the second quarter of 2026, “Podillya Food Company” continued to invest in the acquisition, modernization, and maintenance of fixed assets—including production equipment, vehicles, infrastructure facilities, and auxiliary equipment. Specifically, the company acquired new agricultural machinery—including mineral fertilizer spreaders, a generator, and seed cleaning equipment—as well as a disc harrow; for its dairy operations, it purchased a new cooling panel and a milk pasteurizer.
Going forward, “Podillya” plans to focus on increasing the yield of sugar beets and grain crops using precision farming technologies, specifically variable-rate fertilizer application and GPS-monitored machinery. The company is also considering expanding its portfolio of leased land and upgrading its fleet of agricultural machinery with energy-efficient models.
In addition, “Podillya” is analyzing the possibility of investing in a production line for granulated beet pulp and molasses, which will allow the company to diversify its revenue streams and ensure zero-waste production.
In the livestock sector, “Podillya” plans to gradually increase the size of its dairy herd and replace low-productive animals with breeding stock possessing high genetic potential. Plans also include the renovation of barns and the automation of feeding processes to increase average daily milk yields.
PJSC “Podillya Food Company” is part of the “Ukrprominvest-Agro” agricultural holding. It owns a land bank of 51,000 hectares. It specializes in growing sugar beets, wheat, corn, and barley, as well as in swine farming (21,000 head), and maintains a herd of 3,000 head of cattle. It has a grain storage facility with a capacity of approximately 60,000 metric tons. The company employs 5,500 people.
“Ukrprominvest-Agro” is engaged in crop cultivation, sugar and flour production, and meat and dairy livestock farming. The group’s land bank exceeds 116,500 hectares. The agricultural holding is located primarily in regions that have not been invaded by Russian occupiers.
The group’s sugar business consists of two sugar factories in the Vinnytsia region. Total grain storage capacity for agricultural crops is 120,000 metric tons.
“Ukrprominvest-Agro” comprises “Agroprodinvest Group” LLC, “PK Podillya” PJSC, PK Zorya Podillya LLC, Vinnytsia Bakery Products Plant No. 2 LLC, Dniproagrolan Agricultural Farm, Ivankivtsi Agricultural Farm, Mas-Agro LLC, Pravoberezhne LLC, and Progress-NT LLC.
Since December 2019, the agricultural holding has been owned by Oleksiy Poroshenko, the son of the former president of Ukraine.
In 2025, the “Podillya” Food Company saw its revenue decrease by 39.5%—to 3.18 billion UAH—and its net profit decrease by 36.1%—to 698.8 million UAH.
In January–June 2026, PJSC “Carlsberg Ukraine” increased its revenue by 2.7% compared to the same period in 2025—to 6.286 billion UAH, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
The company’s net profit for the first half of the year fell by 10.5% to 893.1 million UAH, while operating profit decreased by 12.8% to 921.0 million UAH; gross profit, however, rose by 0.6% to 2.935 billion UAH.
As of June 30, 2026, the assets of PJSC “Carlsberg Ukraine” amounted to 17.524 billion UAH, compared to 15.115 billion UAH at the beginning of the year.
The company’s equity rose to 11.278 billion UAH from 10.537 billion UAH, while total liabilities increased to 6.246 billion UAH from 4.578 billion UAH.
It is noted that during the second quarter of 2026, the company produced 1.57 million hl of products worth UAH 5.933 billion (all amounts are stated inclusive of excise tax and exclusive of VAT), of which: beer – 1.217 million hl worth UAH 4.899 billion (83% of total production); cider—0.052 million hl worth 0.279 billion UAH (5%); and non-alcoholic beverages—0.301 million hl worth 0.754 billion UAH (13% of total production). In the second quarter of 2026, production volumes decreased by 0.7% compared to the same period last year
According to the results of the second quarter of 2026, the company spent 0.84 million UAH on innovation, and these expenses were related to the implementation of a new marketing concept and strategy for new and existing products: the development of a new brand, the creation of new flavors, and changes to product design and packaging, which give the products a unique look and help attract a new group of customers, the document states.
According to the document, cash and cash equivalents for the first half of the year decreased by 26.1% to 6.348 billion UAH, while current financial investments rose to 3.338 billion UAH from zero at the beginning of the year, as the company received 6.515 billion UAH from the sale of debt instruments last year.
Investments in fixed assets rose in the first half of this year to 469.8 million UAH, compared to 282.1 million UAH in the first half of last year.
According to the report, Carlsberg Ukraine’s total market share in the alcoholic beer category, based on production data from the Ukrpivo association for the second quarter of 2026, was 29.8%. Products under the Lvivske, S&R’s Garage, and Kronenbourg brands remain the sales leaders in the group’s portfolio, while Somersby cider and “Kvas Taras” continue to hold leading positions in their respective product categories.
As noted in the management’s interim report, in the first half of 2026, the company exported products to 25 countries, with exports accounting for 6% of total sales. The main export markets were Germany, Poland, and the United States, with the “Lvivske,” “Arsenal,” and “Kvas Taras” brands seeing the highest demand abroad.
PJSC “Carlsberg Ukraine” is part of the Carlsberg Group and owns three breweries in Zaporizhzhia, Kyiv, and Lviv. Its brand portfolio includes “Lvivske,” Carlsberg, Kronenbourg 1664, “Kvas Taras,” Somersby, Battery, and others.
The company’s net profit in 2025 amounted to 1 billion 807.64 million UAH, in 2024 – 2 billion 181.69 million UAH, and in 2023—1.8275 billion UAH, while revenue was 12.16757 billion UAH, 12.4882 billion UAH, and 10.8121 billion UAH, respectively. Retained earnings as of the end of 2025 totaled 9.3067 billion UAH.
PJSC “Tobacco Company ‘V. A.T. – Pryluky” (Chernihiv Oblast), a subsidiary of British American Tobacco (BAT), increased its revenue by 3.8% in January–June 2026 compared to the same period in 2025, reaching 2.813 billion UAH.
As reported by the company in the National Securities and Stock Market Commission’s (NSSMC) disclosure system, its net profit rose by 28.2% to 374.5 million UAH.
According to the financial statements, the company’s gross profit for the first half of the year increased by 7.3% to 525.9 million UAH, while operating profit rose by 22.6% to 372.9 million UAH.
As of June 30, 2026, the assets of PJSC “A/T Tobacco Company ‘V.A.T.-Pryluky’” totaled 17.439 billion UAH, compared to 14.986 billion UAH at the beginning of the year.
Compared to the first quarter, the number of employees at the company decreased by 10 and currently stands at 374.
The company’s equity increased to UAH 13.639 billion from UAH 13.579 billion, while current liabilities rose to UAH 3.687 billion from UAH 1.296 billion.
According to the report, “V.A.T. Pryluky” is one of the largest manufacturers and exporters of tobacco products in Ukraine. It produces cigarettes under international brands and a national local brand, as well as TVEN.
According to the National Securities and Stock Market Commission (NSSMC), 100% of the shares are owned by Precis (1814) Limited (United Kingdom).
As previously reported, in 2025, the company’s net profit fell by 37.3% compared to 2024—to 413.6 million UAH—amid an 11.8% decline in net revenue to 5.04 billion UAH.
