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.
The network of branches of Ukrainian banks decreased by 38 branches in the second quarter of this year, following a reduction of 23 branches in the first quarter, and now stands at 4,754 branches, according to statistics from the National Bank of Ukraine (NBU).
According to the data, Oschadbank closed the most branches in the second quarter—10—reducing its network to 1,115, though it retained its lead in terms of total number of branches.
Due to the liquidation of Motor-Bank, all six of its branches ceased operations in the second quarter.
PrivatBank and Ukreximbank each closed five branches, bringing the networks of these state-owned banks to 1,050 and 18 branches, respectively.
From April through June, TAScombank (83 branches) and Kominbank (39) each closed three branches, while Ukrsibbank (214), Bank Credit Dnipro (31), and Oksi Bank (9) each closed two.
During the second quarter, Raiffeisen Bank (282), A-Bank (196), Poltava-Bank (70), Globus Bank (32), Radabank (32), Alliance Bank (30), Ukrainian Capital Bank (14), and the European Industrial Bank (6).
At the same time, Accordbank (177) opened five new branches, MTB Bank (47) opened two, and PUMB (220) opened one.
According to the National Bank, as of early July of this year, the largest branch networks in Ukraine were operated by the state-owned Oschadbank (1,115) and PrivatBank (1,050). They were followed, by a significant margin, by Raiffeisen Bank (282), PUMB (220), and Ukrsibbank (214).
The top five by number of branches also included Ukrgasbank (206), A-Bank (196), Akordbank (177), Sens Bank (137), and Credit Agricole Bank (124).
As of early July, the five banks with state ownership maintained a network of 2,526 branches, accounting for 53.1% of the total number of branches.
State-owned PrivatBank and Limagrain, one of the world’s largest seed companies, have launched two partnership financing programs for agricultural producers ahead of the fall planting season, the bank’s press service reported.
“We are expanding financing options and offering farmers new tools that are more effective and convenient, given the specific nature of agricultural production,” the press service quoted Mykhailo Kovalov, head of PrivatBank’s Department of Documentary Operations and Trade Finance, as saying.
According to the announcement, farmers can take advantage of a working capital financing program to purchase seeds and a promissory note program, which allows for flexible payment planning and optimizes the financial burden on the farm.
The bank noted that both programs offer preferential financing terms as well as a simplified application process.
For more details on the loan terms, please contact Limagrain Ukraine managers or visit your nearest PrivatBank branch.
Limagrain—a seed company founded by farmers in France over 50 years ago—ranks fourth in the global seed industry. The company has been operating in Ukraine since 2008. The main crops it breeds include corn, sunflower, rapeseed, spring and winter wheat, and spring and winter barley (for feed and brewing). The company’s global network of branches spans 56 countries. Each year, the company invests approximately 14% of its revenue in research.
PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of June 1, 2026, amounted to 965.11 billion UAH (22.7% of the total).
The state-owned bank noted that, according to regular Brand Health Tracking surveys for the first quarter of 2026, the level of trust in it is higher than that of other financial institutions on the market and stands at 49%. The bank attributes this to the availability of accessible, personalized, and digitized products for its customers.
State-owned PrivatBank has launched a large-scale media campaign titled “Do Something—Something Will Happen,” which will cover key communication channels, including radio, outdoor advertising, digital video platforms, social media—Instagram, TikTok, and Facebook—and banner networks, according to a statement posted Tuesday on the website of Ukraine’s largest financial institution.
“Our research and surveys show that during wartime, there’s no time to put things off until later; instead, we must live life to the fullest here and now, without waiting for a better time,” the release quotes Mikael Björkner, the bank’s chairman of the board, as saying.
“Whether it’s starting a business, raising a family, buying your first home, or spending more time with loved ones—we’re there for our customers through all these important moments,” he added.
It is noted that to launch the new branding campaign, PrivatBank created a music video featuring the artist thekomakoma, who is currently serving in the Armed Forces of Ukraine. The campaign’s ambassadors include Amil and Ramil from Kurgan&Agregat, veteran Rusya Danilkina, representatives of the Ukrainian business community—Marchuk Khlib and Nick.sense—as well as the bank’s clients who are developing their own projects, running businesses, pursuing creative endeavors, or transforming the country, each in their own way.
The press release does not include information on the campaign’s cost.
PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of June 1, 2026, amounted to 965.11 billion UAH (22.7% of the total).
The state-owned bank noted that, according to regular Brand Health Tracking surveys for the first quarter of 2026, the level of trust in it is higher than that of other financial institutions on the market and stands at 49%. The bank attributes this to the availability of accessible, personalized, and digitized products for its customers.
State-owned PrivatBank has launched a service in the “Privat24” app for filing single-tax payer returns for individual entrepreneurs (FOP) in the first through third groups, with the option to pay taxes afterward, the financial institution reported.
“Integrating electronic reporting into the mobile app will reduce the administrative burden on small businesses and minimize the risk of errors when filling out documents,” said Yevhen Zaigraev, a member of PrivatBank’s Management Board responsible for corporate business and small and medium-sized enterprises.
“Privat24” generates the tax return based on transactions in the entrepreneur’s bank accounts and calculates the income received. The sole proprietor must verify the data and sign the document using SmartID, after which it will be sent to the State Tax Service.
Once the tax service accepts the tax return, the entrepreneur can pay taxes within the app. The service is available in the “Tax Returns” section, where users can also view previously filed returns.
According to the bank, the number of active Privat24 users in the first quarter of 2026 increased by 2% compared to the same period last year—to 13.7 million—while the number of active business clients rose by 4%, to 952,000.
PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of June 1, 2026, amounted to 965.11 billion UAH (22.7% of the total).
On the night of June 13, 2026, state-owned PrivatBank will conduct scheduled maintenance work at its processing center, during which it will temporarily suspend payment card transactions, ATM operations, self-service terminals, and the bank’s POS terminals, the financial institution’s press service reported.
According to the statement, the work will take place from 12:05 a.m. to 6:30 a.m. on June 13.
The maintenance work is being carried out to increase capacity and enhance the security of payment card transactions.
PrivatBank recommends that customers planning to make card payments during the maintenance period either complete them in advance or postpone them for a few hours.
PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of May 1, 2026, amounted to UAH 952.46 billion (22.5% of the total).
According to the NBU as of May 1, 2026, PrivatBank had issued a total of 63.85 million payment cards, of which 32.28 million were used for transactions during the month.
The bank’s network comprised 7,433 ATMs, 9,831 self-service terminals, and 346,820 merchant payment terminals.
