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.
