September 23, 2024
Since the beginning of this year, the profit of Ukrainian banks has exceeded 100 billion hryvnias thumbnail
BREAKING NEWS

Since the beginning of this year, the profit of Ukrainian banks has exceeded 100 billion hryvnias

The net profit after taxation of solvent Ukrainian banks for January-August 2024 amounted to UAH 106.8 billion, which is 11.6% more than in the same period last year. According to the data of the National Bank of Ukraine (NBU), the income of banks during this period increased by 16.7% to 337.7 billion hryvnias, and interest income increased by 18.5% to 231.6 billion hryvnias. Costs”, — write on: ua.news

The net profit after taxation of solvent Ukrainian banks for January-August 2024 amounted to UAH 106.8 billion, which is 11.6% more than in the same period last year.

According to the data of the National Bank of Ukraine (NBU), the income of banks during this period increased by 16.7% to 337.7 billion hryvnias, and interest income increased by 18.5% to 231.6 billion hryvnias.

Expenses also increased by 19.3% to 231.6 billion hryvnias, but banks reduced the deduction of reserves for possible losses to 1.2 billion hryvnias.

The NBU noted that the main factors of profitability remain a high net interest margin and almost zero deductions to reserves, which indicates stability in the banks’ active operations.

Earlier we wrote that the Verkhovna Rada adopted a law on the specifics of the sale of state-owned shares in the authorized capital of banks.

We would also like to remind you that Ukraine plans to change the rules for how banks respond to requests from the police regarding money laundering.

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