Business news from Ukraine

The largest 25 Ukrainian banks (in terms of net assets) in January-September 2018 received a net profit of UAH 10.9 billion, which is 4.8 times more than in the same period of 2017. The best result was shown by PrivatBank, which received a net profit of UAH 5.093 billion against a net loss of UAH 1.604 billion a year earlier, Raiffeisen Bank Aval, which increased profit by 0.96%, to UAH 4.071 billion, and UkrSibbank, which saw profit rise by 2.2 times, to UAH 1.898 billion.
The loss in the reporting period was received by Sberbank with UAH 6.995 billion, VTB Bank with UAH 1.788 billion, Ukrsotsbank with UAH 839.465 million, and Prominvestbank (PIB) with UAH 108.26 million.
PrivatBank received the highest net interest income before allocations to reserves – UAH 10.717 billion (an increase of 2.63 times), Oschadbank got UAH 3.664 billion (a decrease of 10.34%), and UkrSibbank some UAH 2.771 billion (an increase of 46.77%).
In relative terms, the interest income of Ukrsotsbank rose most of all, by 2.68 times, to UAH 759.934 million.
However, if to consider the assets of the banks, OTP Bank turned out to be the most successful in the reporting period as its net interest margin for the reporting period was 6.62%, followed by Kredobank with 6.24% and FUIB with 6.01%.