PrivatBank, Ukraine’s largest state-owned bank, increased its corporate loan portfolio by UAH 15.15 billion, or 44.5%, to UAH 49.23 billion in the first nine months of 2025 and plans to continue to grow aggressively and compete in all market segments, said Yevgen Zaigraev, member of the PrivatBank board for corporate business and SMEs.
“We already exceeded our annual plan in September… We are now making plans for the coming years and are also setting fairly aggressive growth rates — higher than the expected market growth rates — because we want to increase our market share in lending,” he said in an interview with Interfax-Ukraine.
According to data from the National Bank of Ukraine, the corporate loan portfolio of the entire banking system of the country grew by 15.1%, or UAH 123.79 billion, to UAH 943.32 billion in the first nine months of this year.
As Zaigraev specified, growth in the microbusiness segment amounted to 18.2%, or UAH 2.57 billion, to UAH 16.71 billion, and in the small business segment, 35.6%, or UAH 3.91 billion, to UAH 14.89 billion.
According to his data, in the medium business segment, over the first nine months of this year, the corporate loan portfolio increased by 44.1%, or UAH 2.26 billion, to UAH 7.38 billion, and in the large corporate business segment, which PrivatBank entered only last year, growth was 2.7 times, or UAH 6.41 billion, to UAH 10.25 billion.
“Growth is higher in large corporate business because the base there was smaller. But in any case, even in micro, small, and medium-sized businesses, we are growing twice as fast as the market today,” commented a member of PrivatBank’s board. According to him, the quality of the loan portfolio is almost perfect thanks to the established risk management procedures: NPL currently stands at approximately 1.5% (excluding the debts of former owners) with a 3-5-fold increase over several years.
He noted that PrivatBank has the capacity to satisfy each of these four segments and will compete in each of them.
“Each of these four segments is an absolute priority for PrivatBank. In each of these segments, we want to grow as much as the market allows,” Zaigraev emphasized.
He recalled that historically, PrivatBank has been more active in the micro and small business segment, so it has a fairly significant market share in these two segments: approximately 40-50% of customers in Ukraine have active accounts with PrivatBank and its services, and about 20% have loans with PrivatBank.
As for the other two segments, according to the board member, after nationalization, the bank began to develop this area only a few years ago, so the share of customers who have active accounts with it is smaller, but it is also quite significant—35-40% of all customers throughout Ukraine.
“However, for the most part, they also had and still have salary projects, acquiring, and foreign currency payments here. We want to provide them with all products and services, and therefore last year we began to actively develop lending and related products for such corporate clients… This means that the potential for growth is greater in the large corporate client segment,” the banker noted.
He recalled that PrivatBank has a total of 930-940 thousand active micro, small, and medium-sized business clients, while its closest competitor has 7-9 times fewer.
Zaigraev clarified that the bank mainly includes sole proprietorships in the microbusiness segment, but also legal entities with annual sales of up to UAH 30 million, small businesses are legal entities with annual sales of UAH 30 million to UAH 300 million, medium or medium corporate businesses are those with annual sales of UAH 300 million to UAH 1.5 billion, and then there are large corporate clients.
According to the NBU, PrivatBank’s total assets reached UAH 1.001 trillion as of September 1, 2025, or 25.6% of the total assets of the Ukrainian banking system.
State-owned PrivatBank (Kyiv) received UAH 17.9 billion in net profit in April-June 2025, which is 7.1%, or UAH 1.1 billion, more than a year ago, when net profit amounted to UAH 16.7 billion.
The bank’s pre-tax profit amounted to UAH 22.7 billion, which is 7.6%, or UAH 1.6 billion, more than in the second quarter of 2024.
According to the report, PrivatBank’s net interest income increased by 20.2% compared to the second quarter of 2024, to UAH 19.2 billion, while net commission income increased by 8.4%, to UAH 6.9 billion.
Net income from foreign exchange transactions for the reporting period increased by 4.9% to UAH 1.46 billion. In the second quarter of 2025, PrivatBank significantly reduced losses from foreign currency revaluation to UAH 306 million, compared to UAH 1.1 billion in the same period last year.
At the same time, employee compensation expenses increased by 31.9% to UAH 3.8 billion, while other operating and administrative expenses increased by 23.7% to UAH 2.9 billion.
Funds in accounts of individuals in the second quarter of 2025 increased by 12.7%, or UAH 73.5 billion, to UAH 654.7 billion, and the number of individual customers increased to 18.04 million.
The volume of PrivatBank’s loans and advances remained stable overall, but their structure changed significantly. In particular, the bank reduced its investments in NBU deposit certificates by 35.1%, from UAH 112.2 billion in the second quarter of 2024 to UAH 72.8 billion in the second quarter of 2025. At the same time, term deposits with other banks increased 10.4 times, from UAH 3.8 billion to UAH 44.3 billion.
It is noted that PrivatBank’s loan portfolio grew by 26.8% to UAH 130.1 billion, and the number of the bank’s business clients increased from 918,000 to 930,000.
At the same time, PrivatBank’s total assets for the second quarter of 2025 increased by 3.9%, or UAH 29.1 billion, to UAH 781.9 billion compared to the first quarter.
As of June 30, 2025, PrivatBank had 1,170 separate divisions registered in the State Register of Banks. Of these, 9 are branches, 1 is a representative office, and 1,160 are offices belonging to various classification groups. Of these branches, 65 are temporarily closed, including 19 in the Luhansk region, 15 in the Donetsk region, 21 in the Zaporizhzhia region, and 10 in the Kherson region.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets among 60 banks, with UAH 945.4 billion, or 25.2% of the market.
Naftogaz Group has attracted a UAH 4.7 billion loan from PrivatBank to fill its underground gas storage facilities with the required volumes of gas, said Serhiy Koretsky, Chairman of the Board of Naftogaz of Ukraine Sergiy Koretsky.
“Naftogaz Group has attracted a UAH 4.7 billion loan from PrivatBank. The funds were used to build up the necessary gas reserves in underground storage facilities for a sustainable heating season,” Koretsky wrote on Facebook on Wednesday.
He noted that cooperation with international financial organizations and partner countries is ongoing.
“I am grateful to the management of PrivatBank for the quick response to our request. I thank the Government for supporting our efforts to prepare for the winter,” said the head of Naftogaz.
The company indicated that it is diversifying sources and routes of gas supply to increase Ukraine’s energy security and resilience in a full-scale war.
As reported, in the spring of 2025, Naftogaz announced its intention to use a EUR 270 million loan from the European Bank for Reconstruction and Development (EBRD) and EUR 140 million in grant funding provided by the Norwegian government through the NORAD fund for the urgent purchase of 1 billion cubic meters of gas. The company has also contracted 440 million cubic meters of liquefied natural gas (LNG) from the Polish concern ORLEN.
State-owned PrivatBank (Kyiv) will put up for sale its “bad” loans totaling UAH 5.2 billion through the SE SETAM platform, which will be open for bidding until July 30, 2025.
“PrivatBank offers professional market participants to register on the platform of the electronic trading system of the Ministry of Justice OpenMarket of SE SETAM until July 30, 2025 to acquire claims on a portfolio of consumer loans to individuals with a total debt of UAH 5.2 billion, which is the initial (starting) price of the lot,” the bank said on its website on Monday.
It is noted that the portfolio includes only the loan principal and accrued interest. The auction will be held in several stages: automatic gradual reduction of the starting price of the lot, submission of closed bids and open bids. The minimum selling price of a lot is 1.2% of the starting price.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets – UAH 945.4 billion, or 25.2% among 60 banks.
As reported, in 2025, PrivatBank had to put up for sale a portfolio of bad loans to individuals totaling more than UAH 5 billion.
In 2025, state-owned PrivatBank (Kyiv) will put up for sale a portfolio of bad loans to individuals totaling more than UAH 5 billion.
“During 2025, PrivatBank plans to offer professional market participants a loan portfolio with a total debt of more than UAH 5 billion, which will include consumer loans granted to individuals without collateral,” the financial institution said on its Telegram channel on Monday.
It is noted that this refers exclusively to loans that are classified as “bad”.
Previously, the bank offered restructuring programs to borrowers and took all possible measures to repay the debt, including enforcement.
“Loans to military personnel, mobilized soldiers, and residents of territories where active hostilities are taking place or that are temporarily occupied will be excluded from the bad loan portfolios for sale,” PrivatBank said.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets – UAH 945.4 billion, or 25.2% among 61 banks.
State-owned PrivatBank (Kyiv) transferred UAH 32.1 billion in dividends to the state budget, which is more than half of all dividend income from state-owned and municipal enterprises planned for 2025.
According to a statement released by the bank on Thursday, PrivatBank, following a decision by its shareholder, transferred UAH 32.1 billion to the budget, which was transferred in full to the treasury accounts.
It is noted that the state budget of Ukraine for 2025 provides for UAH 50 billion in dividend income from state-owned and municipal enterprises.
In accordance with the Cabinet of Ministers’ decision on the distribution of profits, PrivatBank transferred 80% of its net profit for 2024, which amounted to UAH 40.1 billion, to the budget. Thus, the amount of dividends from the bank reached UAH 32.1 billion.
In addition, PrivatBank paid almost UAH 41 billion in income tax in 2024, which is the highest figure among all banks in Ukraine.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets with UAH 945.4 billion, or 25.2% among 61 banks.
As reported, PrivatBank topped the ranking of the most profitable banks in the first quarter of 2025 with a net profit of UAH 16.8 billion.
