Solvent banks in Ukraine in January-March 2020 received UAH 15.974 billion in net profit, which is 23.8% more than in the same period in 2019 (UAH 12.902 billion), according to data published on the website of the National Bank of Ukraine (NBU). According to the report, the banks’ income for the three months of this year increased by 12.6% against the figure for the same period last year, to UAH 65.343 billion. In particular, commission income rose by 16.8%, to UAH 16.308 billion, and the result from revaluation and sale and purchase transactions by 2.1 times, to UAH 7.739 billion.
At the same time, the banking system’s expenses for January-March 2020 grew by 9.4% compared with this indicator in 2019, to UAH 49.369 billion, in particular commission expenses by 39%, to UAH 5.518 billion, and payments to reserves by 2.9%, to UAH 4.85 billion.
As reported, in 2019 Ukrainian banks increased profit by 2.7 times, to UAH 59.634 billion.
